Bravo Company Essay

ACCT 346
Student Name
Use the information provided below to prepare the Cost of Good Manufactured Schedule:Bravo had the following costs as of
Green shaded cells.

Table C
Materials used in baking bread
Bakers wages
Rent for Executive Offices
Sales Commissions
Utilities used in the factory
Advertising costs
Delivery truck costs
Depreciation on bake ovens
Interest on bank loan
Beginning Inventory Materials
Beginning Work in Process
Ending Inventory Materials
Inventory Purchases
Ending Work in Process
Other Overhead costs
Beginning Finished Goods Inventory
Ending Finished Goods Inventory
Rent for Factory

32,000 Correct
$32,000
36,000
10000
5000
12000
25000
500
250
10,000
8000
4000
26000
2500
1200
7500
6000
7500

Correct

Materials Used
Direct Labor
Overhead
Factory Rent
Depreciation on bake ovens
Utilities used in Factory
Other Overhead costs
Total Overhead
Total Manufacturing Costs
Total Work in Process
Less: Ending Work in Process
Cost of Goods Manufactured
Goods Available for Sale

Less: Ending Finished Goods Inventor
Cost of Goods Sold Schedule

tured Schedule:Bravo had the following costs as of Dec 31, 2010. Enter the correct values in the
30 points
Cost of Goods Manufactured Schedule
Beginning Work In Process
Materials
Beginning Inventory Materials
Plus: Purchases
Materials Available
Less: Ending Inventory Materials
Materials Used
Direct Labor
Overhead
Factory Rent
Depreciation on bake ovens
Utilities used in Factory
Other Overhead costs
Total Overhead
Total Manufacturing Costs
Total Work in Process
Less: Ending Work in Process
Cost of Goods Manufactured

$8,000 Correct
$10,000
$26,000
$36,000
$4,000

Correct
Correct
Correct
Correct
Correct
Correct

$32,000
$32,000
$7,500
$500
$5,000
$1,200
$14,200

Correct

$14,200
$78,200
$86,200
$2,500
$83,700

Complete only the Green cells. Values in Red are from the schedule above.
Cost of Goods Sold Schedule
Beginning Finished Goods Inventory
Beginning Work In Process
$8,000
Materials
Beginning Inventory Materials
$10,000
Plus: Purchases
$26,000
Materials Available
$36,000
Less: Ending Inventory Materials
$4,000
Materials Used
$32,000
Direct Labor
$32,000
Overhead
Factory Rent
$7,500
Depreciation on bake ovens
$500
Utilities used in Factory
$5,000
Other Overhead costs
$1,200
Total Overhead
$14,200
Total Manufacturing Costs
$78,200
Total Work in Process
$86,200
Less: Ending Work in Process
$2,500
Cost of Goods Manufactured
$83,700
Goods Available for Sale

Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct

$7,500 Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct
Correct

Correct
Correct
$91,200 Correct

Less: Ending Finished Goods Inventory
Cost of Goods Sold Schedule

$6,000 Correct
$85,200 Correct

Points

30