Cost Assignment Methods Brody Company makes industrial cleaning solvents. Variou
ID: 2605689 • Letter: C
Question
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 searchExplanation / Answer
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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