Prepare the 2017 schedule of cost of goods manufactured for
Barton Company using the following information.
|
|
|
Direct materials |
$ |
232,500 |
Direct labor |
|
71,000 |
Factory overhead costs |
|
25,200 |
Work in process, Dec. 31, 2016 |
|
158,200 |
Work in process, Dec. 31, 2017 |
|
152,500 |
|
Barton Company |
Schedule of Cost of Goods
Manufactured |
For Year Ended December 31, 2017 |
Direct materials |
$158,200 |
|
|
|
25,000 |
Direct labor |
|
Factory overhead costs |
|
Total manufacturing costs |
183,200 |
|
|
Total cost of work in process |
183,200 |
Less: Work in process, December 31,
2017 |
(158,500) |
Cost of goods
manufactured |
$24,700 |