An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, May 1, 2014
Direct materials:
Cost of direct materials used in production
Direct labor
Factory overhead:
Total factory overhead
Total manufacturing costs incurred during May
Total manufacturing costs
Less:
Cost of goods manufactured
b.
Cost of goods sold for May 2014:
Cost of finished goods available for sale
Cost of goods sold
Exercise 18-15
Name:
Section:
0%
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TIWANA MANUFACTURING COMPANY
[Key code here]
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
Instructions
Statement of Cost of Goods Manufactured
For the Month Ended May 31, 2014
An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, May 1, 2014 142,800$
Direct materials:
210,000$
Exercise 18-15
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
For the Month Ended May 31, 2014
TIWANA MANUFACTURING COMPANY
Statement of Cost of Goods Manufactured
Materials inventory, May 1, 2014
Materials inventory, May 31, 2014
Purchases
Cost of materials available for use
Indirect labor
Machinery depreciation
Finished goods inventory, May 31, 2014
Work in process inventory, May 31, 2014
Finished goods inventory, May 1, 2014
Cost of goods manufactured
Heat, light, and power
Supplies
Property taxes
Miscellaneous cost