Limotech Industries Cost of Goods Manufactured Schedule for year ended Dec 31, 2019

$ $

Raw material at Jan 1, 2019 113 400

Purchase of raw material 566 000

Add carriage In on raw material 13 000

579 000

Less Purchase return on raw material 1 600

577 400

CORMAU COT OF RAW MATERIAL AVAILABLE FOR USE 690 800

Less Raw material at Dec 31 115 100

CORMU or C Cost of Raw Mat consumed 575 700

Manufacturing wages 122 800

PRIME COST 698 500

Factory Overheads:

Depreciation of factory eqpt 14 000

Factory heat and light 19 000

Rent and rates of factory 13 000

Depn of factory machinery 5 300

Factory general expenses 28 000

Factory manager's salary 25 900

Total factory overheads 105 200

Manufacturing cost 803 700

Add WIP at Jan 1 11 100

814 800

Less WIP at Dec 31 10 100

Production Cost of Finished goods 804 700