Option #2: Cost of Goods Manufactured Statement
Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company’s production, sales, and cost records for the year just completed:
|
Production in units |
51,000 |
|
Direct labor |
$120,325 |
|
Raw materials purchased |
$325,019 |
|
Manufacturing overhead |
$250,265 |
|
Selling and administrative expenses |
$422,100 |
|
Raw Materials, Beginning |
$62,900 |
|
Raw Materials, Ending |
$45,345 |
|
Work in Process, Beginning |
$52,984 |
|
Work in Process, Ending |
$58,777 |
Instructions
Prepare the cost of goods manufactured statement. Provide your answers in a clearly organized Excel spreadsheet. Check spelling and formatting for readability. All responses must comply with the CSU-Global Guide to Writing and APA Requirements Be sure to review the Module 2 Critical Thinking grading rubric, which may be accessed through the Course Information page.
Your assignment should meet the following requirements:
- Formatted according to CSU-Global standards
- 2-3 pages in length, including calculations and title sheet
- Document your sources
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