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16 December, 07:26

Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials $ 200,000 Direct labor 64,000 Factory overhead costs 25,200 Work in process, beginning 157,600 Work in process, ending 152,500

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  1. 16 December, 07:39
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    cost of goods manufactured = $294,300

    Explanation:

    The cost of goods manufactured is calculated using the following formula:

    cost of goods manufactured = beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

    schedule of cost of goods manufactured:

    Beginning WIP = 157,600

    Direct material = 200,000

    Direct labor = 64,000

    Allocated overhead = 25,200

    Ending WIP = (152,500)

    cost of goods manufactured = $294,300
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