Cost of Goods Manufactured Statement
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.