An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) $216,680 Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 159,060 Total raw materials available for use Less: Raw materials inventory (12/31) 29,230 Direct materials used $183,850 Direct labor Manufacturing overhead Indirect labor 26,160 Factory depreciation 40,720 Factory utilities 73,100 Total overhead 139,980 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 84,720 Cost of goods manufactured $546,610

The completion of the Cost of Goods Manufactured Schedule is as follows:

Cost of Goods Manufactured Schedule

Work in process (1/1)                    $216,680

Direct materials                              183,850

Direct labor                                     90,920

Manufacturing overhead              139,980

Total manufacturing costs       $631,330

Less: Work in process (12/31)        84,720

Cost of goods manufactured $546,610

Data and Calculations:

Raw materials inventory:

Raw materials inventory (1/1)                 $54,020

Add: Raw materials purchases             159,060

Total raw materials available for use $213,080

Less: Raw materials inventory (12/31)    29,230

Direct materials used                         $183,850

Total raw materials available for use = $213,080 ($29,230 + $183,850)

Raw materials inventory at January 1 = $54,020 ($213,080 - $159,060)

Manufacturing overhead

Indirect labor                            26,160

Factory depreciation                40,720

Factory utilities                          73,100

Total overhead                      139,980

Total manufacturing costs:

The total cost of work in process $631,330

Less: Work in process (12/31)           84,720

Cost of goods manufactured       $546,610

Total cost of work in process = $631,330 ($546,610 + $84,720)

Learn more: link

HOBBIT COMPANY

Cost of Goods Manufactured Schedule

Direct materials Raw materials inventory (1/1) $ 54020

Add: Raw materials purchases 159,060

Total raw materials available for use 213080

Less: Raw materials inventory (12/31) 29,230

Direct materials used $183,850

Direct labor $ 90820

Manufacturing overhead  139,980

Indirect labor 26,160

Factory depreciation 40,720

Factory utilities 73,100

Total overhead 139,980

Total manufacturing costs $414650

Work in process (1/1) $216,680

Total cost of work in process $ 631330

Less: Work in process (12/31) 84,720

Cost of goods manufactured $546,610

Explanation:

HOBBIT COMPANY

Cost of Goods Manufactured Schedule

Direct materials Raw materials inventory (1/1) $ 54020

Add: Raw materials purchases 159,060

Total raw materials available for use 213080

Less: Raw materials inventory (12/31) 29,230

Direct materials used $183,850

STEP 1) Using the direct materials used figure we move upwards to calculate the missing figures  doing reverse calculations.

Direct materials used + Raw materials inventory =Total raw materials available for use

Total raw materials available for use =$183,850 +29,230 =213080

Total raw materials available for use -Raw materials purchases=Direct materials Raw materials inventory

Direct materials Raw materials inventory=213080- 159,060 = 54020

Direct materials used $183,850

Direct labor $ 90820

Manufacturing overhead  139,980

Indirect labor 26,160

Factory depreciation 40,720

Factory utilities 73,100

Total overhead 139,980

Total manufacturing costs $414650

Work in process (1/1) $216,680

Total cost of work in process $ 631330

Less: Work in process (12/31) 84,720

Cost of goods manufactured $546,610

STEP 2) Moving backwards from the Cost of goods manufactured figure we find the Total cost of work in process  doing reverse calculations

Cost of goods manufactured $546,610 + Work in process (12/31) 84,720 =Total cost of work in process

Total cost of work in process =$546,610 + 84,720 = $ 631330

STEP 3) Then we find the total manufacturing Cost .

Total cost of work in process Less Work in process (1/1) $216,680 =Total manufacturing costs

Total manufacturing costs =$ 631330-$216,680 = $414650

STEP 4) From the Total manufacturing costs we find the Direct labor using the following

Direct labor =Total manufacturing costs-Manufacturing overhead  139,980-Direct materials used $183,850

Direct labor = $414650-139,980- $183,850 = $ 90820

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school