Problem Prepare a cost of goods manufactured schedule (jpg format)

The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.Raw Materials Inventory 7/1/11  $47,680  Factory Insurance  $4,690 Raw Materials Inventory 6/30/12  39,750  Factory Machinery Depreciation  15,950 Finished Goods Inventory 7/1/11  96,200  Factory Utilities  27,430 Finished Goods Inventory 6/30/12  96,280  Office Utilities Expense  8,730 Work in Process Inventory 7/1/11  19,350  Sales  558,990 Work in Process Inventory 6/30/12  18,270  Sales Discounts  4,100 Direct Labor  149,790  Plant Manager’s Salary  29,100 Indirect Labor  24,600  Factory Property Taxes  9,830 Accounts Receivable  26,650  Factory Repairs  1,840     Raw Materials Purchases  96,640     Cash  32,410

  

(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)BLUMBEY MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2012

        

COG Mfd = 368,880

COG Sold = 368,800