Varda,IncUsed $213,000 of Direct Materials and Incurred $111,000 of Direct

question 136

Essay

Varda,Inc.used $213,000 of direct materials and incurred $111,000 of direct labor costs during the year.Indirect labor amounted to $8,100,while indirect materials used totaled $4,800.Other operating costs pertaining to the factory included utilities of $9,300;maintenance of $13,500;repairs of $5,400;depreciation of $23,700;and property taxes of $7,800.There was no beginning or ending finished goods inventory.The Work-in-Process Inventory account reflected a balance of $16,500 at the beginning of the period and $22,500 at the end of the period.
Required: Prepare a schedule of cost of goods manufactured for Varda,Inc.using the format below.

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