Please answer all questions. Exercise D4-6 Bramble Company produces small gasoli

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Please answer all questions.

Exercise D4-6 Bramble Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Bramble's CFO, has presented you with the following cost information Direct Materials Inventory, beginning 85,000 Direct Materials Inventory, ending $123,000 Work in Process Inventory, beginning $171,000 Work in Process Inventory, ending $ 98,100 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $778,000 $990,000 $ 53,000 30,000 $ 14,100 $229,000 16,800 $ 8,200 $ 18,900 11,800 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Bramble Company Schedule of Cost of Goods Manufactured

Explanation / Answer

Schedule of cost of goods manufactured :

Direct material used Beginning direct material 85000 Direct material purchase 990000 Direct material available for use 1075000 Less :Ending direct material -123000 Direct material used 952000 Direct labour 778000 Manufacturing overhead Insurance 53000 Depreciation 30000 Indirect labour 229000 Utilities 16800 Property tax 18900 Total manufacturing overhead 347700 Total manufacturing cost 2077700 Beginning work in process 171000 Total cost of work in process 2248700 Less: Ending wwork in process -98100 Cost of goods manufactured 2150600

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