Question

Duggar Consuling is going to manufacture billing software. During its first month of​ manufacturing, Duggar incurred the following manufacturing​ costs:

Inventories:	Beginning		Ending
Raw Materials	$10,100		$8,900
Work-in-Process	0		22,000
Finished Goods	0		28,000
Other information:
Raw materials purchases			$13,000
Plant janitorial services			800
Sales salaries expense			5,000
Delivery expense			1,700
Sales revenue			1,100,000
Utilities for plant			17,000
Rent on plant			11,000
Customer service hotline costs			15,000
Direct labor			210,000

Answer 1

Cost of Goods Manufactured Schedule :-

Particulars	Amount($)	Amount($)	Amount($)
Opening WIP			0
Direct Materials :-
Opening Raw Material	10100
Add : Purchases	13000
Total	23100
Less : Closing Raw Material	(8900)
Direct Material Use		14200
Direct Labor		210000
Manufacturing Overhead :-
Plant Janitorial services	800
Utilities for Plant	17000
Rent on Plant	11000
Total Manufacturing Overhead		28800
Total Manufacturing Cost			253000
Total Cost of WIP			253000
Less : Closing WIP			(22000)
Cost of Goods Manufactured			231000