Please help me to complete the MFG form. Please write out the calculation proces

Question

Please help me to complete the MFG form. Please write out the calculation process.

MFG Manufacturing Accounting Data Section Depreciation--equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 $180,000 2,568,000 366,000 372,000 305,640 528,000 690,000 150,000 105,000 2,580,720 121,200 114,660 Answer Section

Explanation / Answer

Statement of cost of goods manufactured and sold :

Direct material : Beginning direct material 366000 Add: Direct material purchase 2580720 Cost of direct materials available 2946720 Less: Ending direct material (372000) Cost of direct material used 2574720 Direct labour 2568000 Manufacturing overhead Factory rent 305640 Depreciation equipment 180000 Indirect labour 150000 Indirect material 105000 740640 Total manufacturing cost 5883360 Beginning work inprocess 121200 Total work in process 6004560 Less: ENding work in process (114660) Cost of goods manufactured 5889900 Beginning finished goods inventory 528000 Cost of goods available for sale 6417900 Less: Ending finished goods (690000) Cost of goods sold 5727900

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