1.
Meriwell Company
Schedule of Cost of Goods Manufactured
Direct materials:
Raw materials inventory, beginning... $ 9,000
Add: Purchases of raw materials ... 125,000
Raw materials available for use... 134,000
Deduct: Raw materials inventory, ending... 6,000
Raw materials used in production... $128,000
Direct labor... 70,000
Manufacturing overhead:
Depreciation, factory... 27,000
Utilities, factory ... 8,000
Maintenance, factory... 40,000
Supplies, factory... 11,000
Insurance, factory ... 4,000
Indirect labor ... 15,000
Total overhead costs ... 105,000
Total manufacturing costs... 303,000
Add: Work in process inventory, beginning... 17,000
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