Karen Company

Statement of Cost of Goods Manufactured

For the year ended Dec. 31, 2020

Oct. Nov. Dec.

Work in Process, beg. 80, 000 31, 000 98, 000
Direct Materials Used 280, 000 190, 000 155, 000
Direct Labor 195, 000 170, 000 135, 000
Manufacturing Overead 250, 000 150, 000 90, 000
Total Manufacturing Cost 725, 000 510, 000 380, 000
Total Cost of Goods Placed in Process 805, 000 541, 000 478, 000
Work in Process, end 95, 000 66, 000 93, 000
Cost of Goods Manufactured 710, 000 475, 000 385, 000
Finished Goods, beg. 120, 000 38, 000 75, 000
Cost of Goods Available for Sale 830, 000 513, 000 460, 000
Finished Goods, end. 110, 000 75, 000 105, 000
Cost of Goods Sold 720, 000 438, 000 355, 000
 Lopez Manufacturing
Statement of Cost of Goods Sold
For the year ended Dec. 31, 2020

Direct Materials Used

Raw Materials Inventory, beg. 175, 000
Purchases 250, 000
Raw Materials Available For Use 425, 000
Less: Raw Materials Inventory, end. 125, 000
Direct Labor
Manufacturing Overhead
Total Manufacturing Costs
Add: Work in Process Inventory, beg.
Total Cost of Goods Placed in Process
Less: Work in Process Inventory, end.
Cost of Goods Manufactured
Finished Goods Inventory, beg.
Total Goods Available for Sale
Less: Finished Goods Inventory, end
Cost of Goods Sold
300, 000
270, 000
324, 000
894, 000
90, 000
894, 000
120, 000
864, 000
100, 000
964, 000
80, 000
884, 000
 Dela Cruz Manufacturing
Statement of Cost of Goods Manufactured
For the year Ended December 31, 2020

Direct Materials Used

Raw Materials Inventory, beg. 124, 000
Add: Materials Purchased 250, 000
Net Purchase 250, 000
Raw Materials for Use 374, 000
Less: Raw Materials Inventory, end. 115, 000 259, 000
Direct Labor 160, 000
Factory Overhead 240, 000
Total Manufacturing Costs 659, 000
Add: Work in Process Inventory, beg. 129, 000
Total Cost of Goods Placed in Process 788, 200
Less: Work in Process Inventory, end. 124, 000
Cost of Goods Manufactured 664, 200
 Dela Cruz Manufacturing
Statement of Cost of Goods Sold
For the Year Ended December 31, 2020

Finished Goods Inventory, beg.

Add: Cost of Goods Manufactured
Total Goods Available for Sale
Less: Finished Goods Inventory, end.
Cost of Goods Sold
acturing
Goods Sold
ember 31, 2020

150, 000
664, 000
814, 000
122, 000
692, 000
 Alonzo Company
Statement of Cost of Goods Sold
For the year ended Dec. 31, 2020

Finished Goods Inventory, beg. 37, 000

Add: Cost of Goods Manufactured 593, 000
Total Goods Available for Sale 630, 000
Less: Finished Goods Inventory, end (31, 000)
Cost of Goods Sold 599, 500

Sales 980, 000

COGS (599, 500)
Gross Profit 380, 500