Quincy Manufacturing reported the following information as of December 31, 2020. Based on actual costs, prepare the company's Schedule of Cost of Goods Manufactured and Sold. Be sure to include a proper heading and to provide necessary supporting calculations. Be sure to label what the numbers in your calculations represent. You will receive at most 50% credit for a correct answer if supporting calculations are not provided. If you upload a document with your answer, please be sure that your name appears at the top of the document. You will not receive credit if your name isn't on any attachment. Beginning Raw Materials Inventory$22,000Ending Raw Materials Inventory$27,000Indirect Materials Used$27,000Selling and Administrative Expenses$409,000Factory Rent$68,000Beginning Work in Process Inventory$33,000Ending Work in Process Inventory$25,000Net Delivered Cost of Materials Purchased$210,000Direct Labor Wages$325,000Production Equipment Depreciation$95,000Factory Supplies Used$23,000Indirect Labor Wages$44,000Beginning Finished Goods Inventory$61,000Ending Finished Goods Inventory$65,000Production Equipment Maintenance$55,000
Quincy Manufacturing reported the following information as of December 31, 2020. Based on actual costs, prepare the company's Schedule of Cost of Goods Manufactured and Sold. Be sure to include a proper heading and to provide necessary supporting calculations. Be sure to label what the numbers in your calculations represent. You will receive at most 50% credit for a correct answer if supporting calculations are not provided. If you upload a document with your answer, please be sure that your name appears at the top of the document. You will not receive credit if your name isn't on any attachment.
Beginning Raw Materials Inventory$22,000Ending Raw Materials Inventory$27,000Indirect Materials Used$27,000Selling and Administrative Expenses$409,000Factory Rent$68,000Beginning Work in Process Inventory$33,000Ending Work in Process Inventory$25,000Net Delivered Cost of Materials Purchased$210,000Direct Labor Wages$325,000Production Equipment
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