ACCOUNTING- E1-9 Molina Company Cost of Goods Manufactured Schedule

Name							Exercises 1-9
Section
Date

	E1-9
	Molina Company
	Cost of Goods Manufactured Schedule
	For the Year Ended December 31, 2014
1	Work in process (1/1)				$210,000	1
2	Direct materials:						2
3	Raw materials inventory (1/1)					3
4	Add: Raw materials purchases		158,000			4
5	Total raw materials available for use				5
6	Less: Raw materials inventory (12/31)	22,500			6
7	Direct materials used			$180,000		7
8	Direct labor						8
9	Manufacturing overhead:					9
10	Indirect labor			18,000			10
11	Factory depreciation		36,000			11
12	Factory utilities			68,000			12
13	Total overhead				122,000		13
14	Total manufacturing costs					14
15	Total cost of work in process					15
16	Less: Work in process (12/31)				81,000	16
17	Cost of goods manufactured				$530,000	17