This is the first problem in a sequence of problems for Piedmont Computer Compan

Question

This is the first problem in a sequence of problems for Piedmont Computer Company, I computers and tablets. During turing, Piedmont Computer Company incurred the following manufacturing costs Ending $10,500 9,700 17,000 31,000 Balances Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information Direct materials purchases Plant ianitorial services Sales salaries expense Delivery expense Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Beginning $16,000 500 10,000 1,600 1,100,000 16,000 9,000 19,000 210,000 Prepare a schedule of cost of goods manufactured for Piedmont Computer Company for the month ended January 31, 2020

Explanation / Answer

Cost of goods manufactured schedule Direct materials: Raw materials inventory, beginning 10500 Add: Purchases of raw materials 16000 Raw materials available for use 26500 Less: Raw materials inventory, ending 9700 Direct materials used in production 16800 Direct labor 210000 Manufacturing overhead cost: Plant janitorial services 500 Utilities for plant 16000 Rent on plant 9000 25500 Total manufacturing costs 252300 Add: Work in process inventory, beginning 0 252300 Less: Work in process inventory, ending 17000 Cost of goods manufactured 235300

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