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Manufacturing Assignment

The document provides schedules of manufacturing overhead costs for Langga Corporation and Pido Corporation for the period ended December 31, 2019. Langga's manufacturing overhead totaled $570,000 and included costs such as amortization of patents, depreciation, factory insurance, supplies, and utilities. Pido's manufacturing overhead totaled $585,000 and included indirect labor, utilities, rent, taxes, insurance, supplies, and depreciation. The schedules also show calculations of cost of goods manufactured and sold.

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Princess Aubrey Balbin
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482 views2 pages

Manufacturing Assignment

The document provides schedules of manufacturing overhead costs for Langga Corporation and Pido Corporation for the period ended December 31, 2019. Langga's manufacturing overhead totaled $570,000 and included costs such as amortization of patents, depreciation, factory insurance, supplies, and utilities. Pido's manufacturing overhead totaled $585,000 and included indirect labor, utilities, rent, taxes, insurance, supplies, and depreciation. The schedules also show calculations of cost of goods manufactured and sold.

Uploaded by

Princess Aubrey Balbin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Problem 2 - 25 Langga Corporation

Statement of Cost of Goods Sold


Schedule of Manufacturing Overhead 5 For the period ended December 31, 2019
Amortization of patents 16,000
Depreciation - FB 133,000 Raw Materials Inventory, beginning
Depreciation - FE 78,000 Add: Purchases
Factory Insurance Expense 62,000 Total Cost of Goods available for use
Factory Supervision 74,000 Less: Raw Materials Inventory, ending
Factory Supplies Expense 21,000 Direct Materials Used
Factory Utilities 115,000 Direct Labor
Indirect Labor 26,000 Manufacturing Overhead
Property Taxes - Factory Site 14,000 Total Manufacturing Cost
R&M - Factory Equipment 31,000 Add: Work in Process Inventory, beginning
Total Manufacturing Overhead 570,000 Total cost of goods put into process
Less: Work in Process Inventory, ending
COST OF GOODS MANUFACTURED
Add: Finished Goods Inventory, beginning
Total cost of goods available for sale
Less: Finished Goods Inventory, ending
COST OF GOODS SOLD

Problem 3 - 20

Schedule of Manufacturing Overhead Pido Corporation


Indirect Labor 194,220 Statement of Cost of Goods Manufactured
Factory Utilities 109,440 For the period ended December 31, 2019
R&M - FE 30,060
Rent Expense - FB 84,600 Raw Materials Inventory, beginning
Property Taxes - FS 19,260 Add: Purchases
Factory Insurance Expense 16,020 Total Cost of Goods available for use
Factory Supplies Expense 34,920 Less: Raw Materials Inventory, ending
Depreciation - FE 82,800 Direct Materials Used
Amortization of patents 13,680 Direct Labor
Total Manufacturing Overhead 585,000 Manufacturing Overhead
Total Manufacturing Cost
Factory Overhead Rate 585,000 Add: Work in Process Inventory, beginning
130%
Based on DL Cost 450,000 Total cost of goods put into process
Less: Work in Process Inventory, ending
DM 18.00 COST OF GOODS MANUFACTURED
DL 7.50
MOH 9.75
TMC/per unit 35.25

Work in Process Inventory, ending 158,625


tion Langga Corporation
Goods Sold 10 Statement of Comprehensive Income 10
mber 31, 2019 For the period ended December 31, 2019

60,000 Sales 1,630,000


313,000 Less: Cost of Goods Sold (1,116,500)
373,000 Gross Income 513,500
(78,000) Less: OPEX
295,000 Advertising (85,000)
250,000 Uncollectible Accounts (28,000)
570,000 Depreciation (37,000)
1,115,000 Interest (25,000)
8,000 295,000 Miscellaneous (55,000)
1,123,000 Salaries (150,000)
(9,000) Net Income 133,500
1,114,000
15,000
1,129,000
(12,500)
1,116,500

on
Manufactured
mber 31, 2019

84,600
311,400
396,000
(91,080)
304,920
450,000
585,000
1,339,920
99,360
1,439,280
(158,625)
1,280,655

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