The
following data were taken from the records of Blumbey Manufacturing Company for
the fiscal year ended June 30, 2012.
P19-4A The following data were taken from the records of
Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.
|
Raw
Materials Inventory 07/01/11
|
$48,000
|
Factory
Machinery Depreciation
|
$16,000
|
|
Raw
Materials Inventory 06/30/12
|
39,600
|
Factory
Utilities
|
27,600
|
|
Finished
Goods Inventory 07/01/11
|
96,000
|
Office
Utilities Expense
|
8,650
|
|
Finished
Goods Inventory 06/30/12
|
95,900
|
Sales
|
554,000
|
|
Work in
Process 07/01/11
|
19,800
|
Sale
Discounts
|
4,200
|
|
Work in
Process 06/30/12
|
18,600
|
Plant
Manager's Salary
|
29,000
|
|
Direct
labor
|
149,250
|
Factory
Property Taxes
|
9,600
|
|
Indirect
Labor
|
24,460
|
Factory
Repairs
|
1,400
|
|
Account
Receivable
|
27,000
|
Raw
Materials Purchases
|
96,400
|
|
Factory
Insurance
|
4,600
|
Cash
|
32,000
|
Instructions:
(a) Prepare
a cost of goods manufactured schedule. (Assume all raw materials used were
direct materials.)
(b) Prepare an income statement through gross profit.
(c) Prepare the current assets section of the balance
sheet at June 30, 2012.
TUTORIAL PREVIEW
(a) Prepare
a cost of goods manufactured schedule. (Assume all raw materials used were
direct materials.)
|
BLUMBEY MANUFACTURING COMPANY
|
|||
|
Cost of Goods Manufactured Schedule
|
|||
|
For the Year Ended June 30, 2012
|
|||
|
Work in
Process 07/01/11
|
$19,800
|
||
|
Direct
materials
|
|||
|
Raw
materials inventory, 07/01/11
|
$48,000
|
||
|
Raw
materials purchases
|
96,400
|
||
|
Total
raw materials available for use
|
144,400
|
||
File name: P19-4A Blumbey Manuf.xls File type: xls PRICE: $6
