Professional Documents
Culture Documents
Material 80,000,000
Cash 80,000,000
Direct Materials:
Materials inventory, beginning 40,000
Purchases of raw materials 290,000
Material available for use 330,000
Less: Materials inventory, ending 10,000
Direct Material Consumed 320,000
Direct Labor 93,000
Factory Overhead
Insurance, factory equipment 8,000
Utilities Factory 45,000
Indirect Labor 60,000
Cleaning Supplies 7,000
Rent Factory Building 120,000
Maintenance, factory 30,000 270,000
Total Manufacturing Cost 683,000
Add WIP beginning 42,000
Less WIP ending 35,000
COGM 690,000
Add finished good inventory 50,000
COGAS 740,000
Less finished good inventory 80,000
COGS 660,000