statement of Cost of goods Manufactured and Cost of goods sold

 

e5A. FruTee Corp. makes irrigation sprinkler systems for fruit tree nurseries. FruTee’s new controller can find only the following partial information for the past year:

 

 

 

Lime Division

 

Lemon Division

 

orange Division

 

Fig Division

 

Direct materials used                                        $  4                    $  7                   $ (g)                   $  8

 

Total manufacturing costs                                11                      (d)                      (h)                                                                             17

 

Overhead                                                               5                        3                       3                      (j)

 

Direct labor                                                         (a)                         9                       4                                                                             4

 

Ending work in process inventory                   (b)                         3                       2                                                                             5

 

Cost of goods manufactured                            12                     23                      15                                                                              (l) Beginning work in process inventory                                                                                   2                       (e)                      5                                                                              (k) Ending finished goods inventory                                                                                         2                          6                     (i)                                                                              9

 

Beginning finished goods inventory                 3                     (f )                        5                                                                                7

 

Cost of goods sold                                            (c)                       21                     16                     12

 

Compute the unknown values. List the accounts in the proper order, and show sub- totals and totals as appropriate.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Chapter Assignments                                                                                                                                           741