Assignment:
Cost of Goods Manufactured Statement
Question 1. Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company's production, sales, and cost records for the year just completed:
|
Production in units
|
51,000
|
|
Direct labor
|
$120,325
|
|
Raw materials purchased
|
$325,019
|
|
Manufacturing overhead
|
$250,265
|
|
Selling and administrative expenses
|
$422,100
|
|
Raw Materials, Beginning
|
$62,900
|
|
Raw Materials, Ending
|
$45,345
|
|
Work in Process, Beginning
|
$52,984
|
|
Work in Process, Ending
|
$58,777
|
Instructions:
Prepare the cost of goods manufactured statement. Provide your answers in a clearly organized Excel spreadsheet. Check spelling and formatting for readability. All responses must comply with APA , Be sure to review the Module 2 Critical Thinking grading rubric, which may be accessed through the Course Information page.
Your assignment should meet the following requirements:
Write 2 to 3 pages in length, including calculations and title sheet.