Problem continues the Draper Consulting, Inc., situation from Problem 15-35 of Chapter 15. Draper is going to manufacture billing software. During its first month of manufacturing, Draper incurred the following manufacturing costs:
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Inventories:
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Beginning
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Ending
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|
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Materials
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$ 10,800
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$ 10,300
|
|
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Work in process
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0
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21,000
|
|
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Finished goods
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0
|
31,500
|
|
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Other information:
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|
|
|
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Direct material purchases
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$ 19,000
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Utilities for plant
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$ 10,000
|
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Plant janitorial services
|
700
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Rent of plant
|
13,000
|
|
Sales salaries expense
|
5,000
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Customer service hotline expense
|
18,000
|
|
Delivery expense
|
1,700
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Direct labor
|
190,000
|
|
Sales revenue
|
750,000
|
|
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Requirement
1. Prepare a schedule of cost of goods manufactured for Draper for the month ended January 31, 2014.