Completing schedule of cost of goods manufactured


Problem: Supply the missing information on the following schedule of cost of goods manufactured.

Dewberry Corporation
Schedule of Cost of Goods Manufactured
For the Year Ended December 31, 2011

Raw Materials

Beginning Inventory (?)
Plus Purchases $120,000.00
Raw materials available for use $148,000.00
Minus: Ending raw materials inventory (?)
Cost of direct raw materials used $124,000.00
Direct labor (?)
Manufacturing overhead $24,000.00
Total Manufacturing costs $310,000.00
Plus beginning work in process inventory (?)
Total work in process (?)
Minus: Ending work in process inventory $46,000.00
Cost of goods manufactured $306,000.00.

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Accounting Basics: Completing schedule of cost of goods manufactured
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