Weisinger Corporation has provided the following data for the month of January:

Problem 2-141 [LO6]

Weisinger Corporation has provided the following data for the month of January:

 

Inventories:	Beginning		Ending
Raw materials	$	26,900	$	29,800
Work in process	$	17,900	$	13,900
Finished goods	$	41,300	$	54,900

 

Additional information:

Raw materials purchases	$	56,500
Direct labor cost	$	88,800
Manufacturing overhead cost incurred	$	51,400
Indirect materials included in manufacturing overhead cost incurred	$	3,900
Manufacturing overhead cost applied to Work in Process	$	55,000

 

Required:
a.	Prepare a Schedule of Cost of Goods Manufactured in good form. (Input all amounts as positive values. Omit the "$" sign in your response.)

 

		Weisinger Corporation Schedule of Cost of Goods Manufactured
		Direct materials:
		Beginning materials inventory	$
		Add: Purchases of raw materials
		Raw materials available for use
		Deduct: Ending raw materials inventory
		Raw materials used in production
		Deduct: Indirect materials		$
		Direct labor
		Manufacturing overhead applied to Work in Process
		Total manufacturing costs
		Add: Beginning work in process inventory
		Deduct: Ending work in process inventory
		Cost of goods manufactured		$
b.	Prepare a Schedule of Cost of Goods Sold in good form. (Input all amounts as positive values. Omit the "$" sign in your response.)

 

Weisinger Corporation Schedule of Cost of Goods Sold
Beginning finished goods inventory	$
Add: Cost of goods manufactured
Goods available for sale
Deduct: Ending finished goods inventory
Unadjusted cost of goods sold
Deduct: Overapplied overhead
Adjusted cost of goods sold	$