Use the Following Information to Prepare the Schedule of Cost

question 131

Essay

Use the following information to prepare the schedule of cost of goods manufactured for Graffstone Company for the month ended June 30.
$$\begin{array} { | l | r | } \hline \text { Work in Process inventory, May 31 } & \$ 12,600 \\\hline \text { Work in Process inventory, June 30 } & 16,500 \\\hline \text { Direct materials used during June } & 21,000 \\\hline \text { Direct labor used during June } & 31,000 \\\hline \text { Factory overhead: } & \\\hline \text { Indirect material } &6,400 \\\hline \text { Indirect labor } & 9,200 \\\hline \text { Factory rent } & 12,000 \\\hline \text { Factory depreciation } &15,000 \\\hline \text { Factory utilities } & 18,400 \\\hline \end{array}$$

---

Definitions:

Position Chart

A visual representation that outlines the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Pattern Diagram

A visual representation that outlines the relationship or structure among various elements of a system or process, used for analysis or design purposes.

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to improve and adapt.

Modifying Behavior

The process of changing individuals' behaviors through various techniques and interventions to achieve desired outcomes.