Answer:
Allen Company
Allen Company Statement of Cost of Goods Manufactured For the Year Ended December 31
Direct materials cost $71,000
Direct labor cost 37,000 $108,000
Factory overhead:
Indirect labor cost $2,700
Indirect materials cost $1,600
Utilities $3,100
Maintenance $4,500
Supplies $1,800
Depreciation $7,900
Property taxes $2,600 $24,200
Total manufacturing costs incurred $132,200
Beginning WIP $5,500
Total manufacturing costs $132,200
less Ending WIP $7,500
Cost of goods manufactured $130,200
Explanation:
a) Data and Calculations:
Direct materials cost = $71,000
Direct labor cost = $37,000
Indirect labor cost = $2,700
Indirect materials cost = $1,600
Other factory expenses:
Utilities = $3,100
Maintenance = $4,500
Supplies = $1,800
Depreciation = $7,900
Property taxes = $2,600
Beginning WIP = $5,500
Ending WIP = $7,500
