Inventories January 1 December 31 Materials $433,530 $546,250 Work in process 780,350 742,900 Finished goods 750,010 759,290 Advertising expense $370,900 Depreciation expense-office equipment 52,440 Depreciation expense-factory equipment 70,470 Direct labor 841,230 Heat, light, and power-factory 27,860 Indirect labor 98,330 Materials purchased 824,840 Office salaries expense 287,870 Property taxes-factory 22,940 Property taxes-headquarters building 47,520 Rent expense-factory 38,780 Sales 3,861,990 Sales salaries expense 474,150 Supplies-factory 19,120 Miscellaneous costs-factory 12,020 Required: Question Content Area 1. Prepare the statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead fill in the blank b05b1dfd7003028_29 Total manufacturing costs incurred fill in the blank b05b1dfd7003028_30 Total manufacturing costs $fill in the blank b05b1dfd7003028_31 - Select - Cost of goods manufactured $fill in the blank b05b1dfd7003028_34

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...

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Inventories January 1 December 31 Materials $433,530 $546,250 Work in process 780,350 742,900 Finished goods 750,010 759,290 Advertising expense $370,900 Depreciation expense-office equipment 52,440 Depreciation expense-factory equipment 70,470 Direct labor 841,230 Heat, light, and power-factory 27,860 Indirect labor 98,330 Materials purchased 824,840 Office salaries expense 287,870 Property taxes-factory 22,940 Property taxes-headquarters building 47,520 Rent expense-factory 38,780 Sales 3,861,990 Sales salaries expense 474,150 Supplies-factory 19,120 Miscellaneous costs-factory 12,020 Required: Question Content Area 1. Prepare the statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead fill in the blank b05b1dfd7003028_29 Total manufacturing costs incurred fill in the blank b05b1dfd7003028_30 Total manufacturing costs $fill in the blank b05b1dfd7003028_31 - Select - Cost of goods manufactured $fill in the blank b05b1dfd7003028_34

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