Dreams Manufacturing Company Provided the Following Information for the Year

question 2

Essay

Dreams Manufacturing Company provided the following information for the year 2015:
$$\begin{array} { | l | r | } \hline \text { Purchases-Raw Materials } & \$ 270,000 \\\hline \text { Plant Utilities \& Insurance } & 202,500 \\\hline \text { Indirect Materials } & 35,250 \\\hline \text { Indirect Labor } & 14,250 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 42,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 45,000 \\\hline \text { Direct Labor } & 352,500 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 18,000 \\\hline \text { Beginning Balance - Work-in-Process Inventory } & 18,000 \\\hline \text { Beginning Balance-Raw Materials Inventory } & 63,000 \\\hline\end{array}$$ Required: Prepare a statement of the cost of goods manufactured using the following format:
$$\begin{array} { | l | l | l | l | } \hline \text { COSTOF GOODS MFGD } & \quad\quad\quad& \quad\quad\quad&\quad\quad\quad \\\hline \text { Beginning Work-in-Process Inventory } & & & \\\hline \text { Direct Materials Used: } & & & \\\hline \text { Beginning Raw Materials Inventory } & & & \\\hline \text { Purchases of Raw Materials } & & & \\\hline \text { Raw Materials Available for Use } & & & \\\hline \text { Ending Raw Materials Inventory } & & & \\\hline \text { Direct Materials Used } & & & \\\hline \text { Direct Labor } & & & \\\hline \text { Manufacturing Overhead: } & & & \\\hline \text { Indirect Materials } & & & \\\hline \text { Indirect Labor } & & & \\\hline \text { Depreciation-Plant \& Equip. } & & & \\\hline \text { Plant utilities \& Insurance } & & & \\\hline \text { Total Manufacturing Overhead } & & & \\\hline \text { Total Manufacturing Costs Incurred During } & & & \\\hline \text { the Year } & & & \\\hline \text { Total Manufacturing Costs to Account For } & & & \\\hline \text { Ending Work-in-Process Inventory } & & & \\\hline \text { Cost of Goods Manufactured } & & & \\\hline\end{array}$$

Recognize the impact of policies, interpersonal relationships, and environmental factors on health.

Understand the challenges and strategies in modifying risk factors and promoting physical activity.

Comprehend the definitions and assessments of health and health behaviors.

Understand the role of environmental and societal factors in promoting a healthy lifestyle.

---

Definitions:

Parents Value Education

The importance or emphasis placed by parents on the education and academic success of their children.

Studies

Systematic investigations into and analysis of materials and sources in order to establish facts and reach new conclusions.

Activities

Tasks or actions that are carried out by individuals, often for the purpose of leisure, personal gratification, or goal achievement.

Conscience

The internal aspect of an individual that reflects on and judges the morality of that individual's actions.