2-2A Schedule of Cost of Goods Manufactured PDF
Document Details
Uploaded by CleanFresno
ESC Clermont Business School
2025
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Summary
This document shows data related to the cost of goods manufactured for Kelowna Plumbing Supplies for the 2025 fiscal year ending December 31, 2025. The data includes various costs such as raw materials, work in process, finished goods, and direct labor.
Full Transcript
## 2-2A - Schedule of Cost of Goods Manufactured Kelowna Plumbing Supplies shows the following data related to its December 31, 2025 fiscal year: | Item | Amount | |------------------------------------------------------|--------| | Raw materials inve...
## 2-2A - Schedule of Cost of Goods Manufactured Kelowna Plumbing Supplies shows the following data related to its December 31, 2025 fiscal year: | Item | Amount | |------------------------------------------------------|--------| | Raw materials inventory, January 1, 2025 | $5,000 | | Raw materials inventory, December 31, 2025 | $8,000 | | Work in process inventory, January 1, 2025 | $23,000 | | Work in process inventory, December 31, 2025 | $21,000 | | Finished goods inventory, January 1, 2025 | $16,000 | | Finished goods inventory, December 31, 2025 | $10,000 | | Advertising | $56,000 | | Factory supervisor's salary | $42,000 | | Company president's salary | $85,000 | | Property taxes - factory | $25,000 | | Depreciation - factory | $35,000 | | Factory maintenance | $7,000 | | Sales commissions | $32,000 | | Depreciation - office | $2,000 | | Utilities expense - factory | $23,000 | | Utilities expense - office | $11,000 | | Purchases of raw materials | $148,000 | | Direct labour | $160,000 | ***Required:*** Based on the information above, prepare a schedule of cost of goods manufactured. ***Members Video:*** https://youtu.be/Cz-7QqX5qWs
