Connect with a global community of knowledgeable individuals on IDNLearn.com. Get accurate and comprehensive answers from our network of experienced professionals.
The following data refer to snack maker Taquitos To Go for the year 20x1.
Work-in-process inventory, 12/31/x0 $ 7,900
Selling and administrative salaries 13,600
Insurance on factory and equipment 3,600
Work-in-process inventory, 12/31/x1 8,200
Finished-goods inventory, 12/31/x0 14,000
Cash balance, 12/31/x1 7,000
Indirect material used 4,600
Depreciation on factory equipment 2,100
Raw-material inventory, 12/31/x0 10,200
Property taxes on factory 2,400
Finished-goods inventory, 12/31/x1 15,400
Purchases of raw material in 20x1 38,800
Utilities for factory 6,000
Utilities for sales and administrative offices 2,300
Other selling and administrative expenses 3,800
Indirect-labor cost incurred 29,000
Depreciation on factory building 3,400
Depreciation on cars used by sales personnel 1,200
Direct-labor cost incurred 79,000
Raw-material inventory, 12/31/x1 11,000
Accounts receivable, 12/31/x1 4,100
Rental for warehouse space to store raw material 3,000
Rental of space for company president’s office 1,600
Applied manufacturing overhead 58,000
Sales revenue 209,800
Income tax expense 5,100
Required:
1. Prepare Taquitos To Go's schedule of cost of goods manufactured for 20x1.
Sagot :
We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.