Question

Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials$230,000 Direct labor 69,500 Factory overhead costs 28,000 Work in process, Dec. 31, 2016 169,600 Work in process, Dec. 31, 2017 149,500

Answer 1

Explanation:

The schedule of cost of goods manufactured for Barton Company for the year 2017 is presented below  

                                           Barton Company

                            Schedule of cost of goods manufactured

                                                 For the Year 2017

Beginning work-in-process inventory                                  $169,600

Manufacturing costs:

Direct material cost             $230,000

Direct labor cost                  $69,500

Factory overhead cost        $28,000

Total costs of work-in-process                                                $327,500

Less:  Ending work-in-process                                                -$149,500

Cost of goods manufactured                                                   $347,600