The following data were taken from the records of Marigald C

The following data were taken from the records of Marigald Company for the fiacal year ended June 30, 2017 Raw Matarial Inventory 7/1/16 Raw Material Inventory 630/17 Finished Goods Inventory 7/1/16 Finizhed Goods Inventory 6/30/17 Work in Procass Invantory 7/1/16 Work in Process Inventory 6/307 Direct Lebor Indirect Labor Account: Racavabla 8,100 Factory Inaurance 46,00 Factory Wachinery Daprecation 99.700 Fectory Utilities 21.,900 Office Uilities Expense 21,200 Sa Ravenus 29,400 Discounts 47550 Plant Manager\'s Selery 25,360 Factory Property Taxes 28,000 Factory Repair 4,800 17,100 29.400 9.350 560,500 4,700 63.400 9,910 2,500 97.300 39.200 Raw Materal Purchases Cesh Prepare a cost of goods manufactured schedule (Assume all ran macerials used were direct materials.) MARTGOLD COMPANY Cost of Goods Schedue

Solution

Cost of Goods Manufactured Schedule :-

Particulers	Amount($)	Amount($)
Work in Process July 1		21200
Direct Materials
Raw Material Inventory July 1	58100
Raw Material Purchases	97300
Total Raw Material available for use	155400
Raw Material inventiry June 30	(46600)
Direct Material Used	108800	108800
Direct Labor		147550
Manufacturing Overhead
Plant Manager\'s Salary	63400
Indirect Labor	25360
Factory Utilities	29400
Factory Machinery Depreciation	17100
Factory Insurence	4800
Factory Property Taxes	9910
Factory Repairs	2500
Total Manufacturing Overheads	167180	167180
Total Manufacturing Costs		423530
Total Cost of work in process		444730
Less : Work in Process Jane 30		(29400)
Cost of goods Manufactures		415330