Cost Assignment Methods Brody Company makes industrial clean

Cost Assignment Methods Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information for last year: Raw materials purchases Direct labor Depreciation on factory equipment Depreciation on factory building Depreciation on headquarters building Factory insurance Property taxes: $250,000 140,000 45,000 30,000 50,000 15,000 20,000 18,000 34,000 1,800 Factory Headquarters Utilities for factory Utilities for sales office Type here to search

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4. Brody Company

Statement of Cost of Goods Manufactured

For Last Year

Unit Product Cost = Cost of Goods Manufactured / Number of Units Manufactured = $ 706,000 / 100,000 = $ 7.06

5. Brody Company

Statement of Cost of Goods Sold

For Last Year

6. Brody Company

Income Statement

For Last Year

Direct Materials used in Production last year

$ 272,000