Data Table Beginning of End of Shonda Corporation 2014 2014

Data Table Beginning of End of Shonda Corporation 2014 2014 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Indirect materials Plant insurance Depreciation-plant, building, and equipment Plant utilities Repairs and maintenance plant Equipment leasing costs Marketing, distribution, and customer-service costs General and administrative costs $129,000 $ 72,000 144,000 205,000 255,000 213,000 101,000 29,000 9,000 47,000 21,000 17,000 61,000 126,000 73,000 166,000 248,000

Solution

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2)

Income statement

For the year ended 31 december 2014

Cost of goods manufactured
Begining raw material inventory	129000
Raw material purchase	255000
Less:Ending raw material inventory	(72000)
Raw material used		312000
Direct labor		213000
Factory overhead
Indirect manufacturing labor	101000
Indirect material	29000
Plant insurance	9000
Depreciation -plant	47000
plant utilities	21000
Repair and maintenance -plant	17000
Equipment lease cost	61000
Total factory overhead		285000
Total manufacturing cost		810000
beginning WIP		166000
Less:ending WIP		(144000)
Cost of goods manufactured		832000