Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:
<h3>Cost of Goods Manufactured Schedule</h3>
Work in process (1/1) $222,600
Direct materials:
Raw materials inventory (1/1) $ 47,300
Add: Raw materials purchases 168,000
Total raw materials available for use $215,300
Less: Raw materials inventory (12/31) 24,500
Direct materials used $190,800
Direct labor $114,500
Manufacturing overhead:
Indirect labor 19,600
Factory depreciation 37,900
Factory utilities 72,600
Total overhead 130,100
Total manufacturing cost $658,000
Total cost of work in process $658,000
Less: Work in process (12/31) 85,600
Cost of goods manufactured $572,400
<h3>What is the Schedule of Cost of Goods Manufactured?</h3>
The Schedule of Cost of Goods Manufactured shows the costs of:
- Beginning Work in Process
- Raw materials used
- Direct labor
- Overhead
- Less Ending Work in Process.
Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is <u>$572,400</u>.
Learn more about preparing the Schedule of Cost of Goods Manufactured at brainly.com/question/24257342
#SPJ1
