Abbey Ltd., a British manufacturing company, produces a single product. The following information has been taken from the company’s production, sales, and cost records for the year just completed:
Production in units
|
51,000
|
Direct labor
|
$120,325
|
Raw materials purchased
|
$325,019
|
Manufacturing overhead
|
$250,265
|
Selling and administrative expenses
|
$422,100
|
Raw Materials, Beginning
|
$62,900
|
Raw Materials, Ending
|
$45,345
|
Work in Process, Beginning
|
$52,984
|
Work in Process, Ending
|
$58,777
|
Prepare the cost of goods manufactured statement. Provide your calculations in an Excel spreadsheet, clearly organized in an easy-to-read format. The written portion of your assignment should be submitted as a Word document and must be in accordance with the CSU-Global Guide to Writing and APA Requirements. Be sure to review the Module 2 Critical Thinking grading rubric.
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