Answer and Explanation:
The preparation of the schedule of cost of goods manufactured is presented
Opening work in process $25,000
Direct materials
Opening December 1 $12,000
Add: Purchase of raw material purchase $105,000
Total raw materials available for use $117,000
less: Ending raw material inventory -$19,000
Direct materials used $98,000
Direct labour $70,000
manufacturing overhead
indirect labour $21,000
Factory supervisor salaries $12,000
factory depreciation expense $8,000
factory utility expense $6,000
Total manufacturing overhead $47,000
Total manufacturing costs (direct materials used + direct labour + manufacturing overhead) $215,000
Total cost of work in process ($25,000 +$215,000) $240,000
Less: Closing work in process -$15,000
cost of goods manufactured $225,000
