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Raw materials inventory, beginning $30
Raw materials inventory, ending $45
Work-in-process inventory, beginning $20
Work-in-process inventory, ending $55
Finished goods inventory, beginning $100
Finished goods inventory, ending $135
Prepare a Schedule of Cost of Goods Manufactured statement in the text
box below. (Points : 15)
Schedule of cost of goods manufactured
Direct materials:
Question 2.2. (TCO B) The Nebraska Company manufactures a product
that goes through three processing departments. Information relating to
activity in the first department during June is given below.
Percentage Completed
Units Materials Conversion
Work in process, June 1 140,000 65% 45%
Work in process, Jun 30 120,000 75% 65%
The department started 580,000 units into production during the month
and transferred 600,000 completed units to the next department.
Question 3.3. (TCO C) A tile manufacturer has supplied the following
data.
Boxes of tile produced and sold 625,000
Sales revenue $2,975,000
Variable manufacturing expense $1,720,000
Fixed manufacturing expense $790,000
Variable selling and admin expense $152,000
Fixed selling and admin expense $133,000
Net operating income $180,000
Question 4.4. (TCO D) The Hampton Company produces and sells a
single product. The following data refer to the year just completed.
Selling price $450
Units in beginning inventory 0
Units produced 25,000
Units sold 22,000
Variable costs per unit: