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Sunday, 4 November 2012

Given the following selected account balances of Randa Company.

Given the following selected account balances of Randa Company.
 
     
  Sales $ 1,357,000  
  Raw materials inventory, Dec. 31, 2010   41,000  
  Goods in process inventory, Dec. 31, 2010   55,500  
  Finished goods inventory, Dec. 31, 2010   69,100  
  Raw materials purchases   172,800  
  Direct labor   238,000  
  Factory computer supplies used   19,600  
  Indirect labor   41,000  
  Repairs—Factory equipment   7,250  
  Rent cost of factory building   51,000  
  Advertising expense   83,000  
  General and administrative expenses   138,000  
  Raw materials inventory, Dec. 31, 2011   46,800  
  Goods in process inventory, Dec. 31, 2011   47,100  
  Finished goods inventory, Dec. 31, 2011   66,500  

 
Prepare its manufacturing statement for the year ended on December 31, 2011. (Input all amounts as positive values. Omit the "$" sign in your response.)
 
RANDA COMPANY
Manufacturing Statement
For Year Ended December 31, 2011
  Direct materials    
     Raw materials inventory, December 31, 2010 $     
     Raw materials purchases     
 
 
     Raw materials available for use     
     Less: Raw materials inventory, December 31, 2011     
 
 
     Direct materials used   $   
  Direct labor     
  Factory overhead    
     Factory computer supplies used     
     Indirect labor     
     Repairs-factory equipment     
     Rent cost of factory building     
 
 
     Total factory overhead costs     
   
  Total manufacturing costs     
  Add: Goods in process inventory, December 31, 2010     
   
  Total cost of goods in process     
  Less: Goods in process inventory, December 31, 2011     
   
  Cost of goods manufactured   $   
   

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