An incomplete cost of goods manufactured schedule is presented below.
Complete the cost of goods manufactured schedule for Molina Company.
|
MOLINA COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2014
|
|
Work in process (1/1)
|
|
|
|
|
|
$212,050
|
|
Direct materials
|
|
|
|
|
|
|
|
Raw materials inventory (1/1)
|
|
$
|
|
|
|
|
|
Add: Raw materials purchases
|
|
159,810
|
|
|
|
|
|
Total raw materials available for use
|
|
|
|
|
|
|
|
Less: Raw materials inventory (12/31)
|
|
30,040
|
|
|
|
|
|
Direct materials used
|
|
|
|
$199,110
|
|
|
|
Direct labor
|
|
|
|
|
|
|
|
Manufacturing overhead
|
|
|
|
|
|
|
|
Indirect labor
|
|
26,680
|
|
|
|
|
|
Factory depreciation
|
|
44,600
|
|
|
|
|
|
Factory utilities
|
|
69,940
|
|
|
|
|
|
Total overhead
|
|
|
|
141,220
|
|
|
|
Total manufacturing costs
|
|
|
|
|
|
|
|
Total cost of work in process
|
|
|
|
|
|
|
|
Less: Work in process (12/31)
|
|
|
|
|
|
87,730
|
|
Cost of goods manufactured
|
|
|
|
|
|
$539,200
|