Option #2: Cost of Goods Manufactured Statement
Abbey Ltd., a British manufacturing company, produces a single product. The following information has been taken from the company’s production, sales, and cost records for the year just completed:
|
Production in units |
51,000 |
|
Direct labor |
$120,325 |
|
Raw materials purchased |
$325,019 |
|
Manufacturing overhead |
$250,265 |
|
Selling and administrative expenses |
$422,100 |
|
Raw Materials, Beginning |
$62,900 |
|
Raw Materials, Ending |
$45,345 |
|
Work in Process, Beginning |
$52,984 |
|
Work in Process, Ending |
$58,777 |
Prepare the cost of goods manufactured statement. Provide your calculations in an Excel spreadsheet, clearly organized in an easy-to-read format. The written portion of your assignment should be submitted as a Word document and must be in accordance with the CSU-Global Guide to Writing and APA Requirements. Be sure to review the Module 2 Critical Thinking grading rubric.