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Christian Company

The document summarizes the cost of goods manufactured by Christian Company for the year ended December 31, 2014. It shows that the total manufacturing costs were $4,810,000 which included purchases of $1,600,000, direct labor of $1,480,000, and factory overhead expenses totaling $1,750,000. When reduced by a decrease in goods in process of $90,000, the total cost of goods manufactured was $4,900,000.

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Lauriz Dillumas Machon
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505 views3 pages

Christian Company

The document summarizes the cost of goods manufactured by Christian Company for the year ended December 31, 2014. It shows that the total manufacturing costs were $4,810,000 which included purchases of $1,600,000, direct labor of $1,480,000, and factory overhead expenses totaling $1,750,000. When reduced by a decrease in goods in process of $90,000, the total cost of goods manufactured was $4,900,000.

Uploaded by

Lauriz Dillumas Machon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CHRISTIAN COMPANY

Statement of Cost of Goods Manufactured


Year Ended December 31, 2014
1,600,000.0
Purchases
0
Freight
in
80,000.00
1,680,000.0
Total
0
Increase in Raw Materials
100,000
Raw Materials
1,580,000.0
Used
0
1,480,000.0
Direct Labor
0
Factory
Overhead:
Indirect Labor

600,00
0.00

Depreciation machinery

50,000.
00

Factory Taxes

130,00
0.00

Factory Supplies
Expense

120,00
0.00

Factory
Superintendence

480,00
0.00

Factory
Maintenance
Factory heat, light,

150,00
0.00

220,00
0.00

and power

1,750,000.0
0
4,810,000.0
0

Total Manufacturing Cost


Decrease in Goods in
Process

90,000.00

Cost of Goods
Manufactured

4,900,000.0
0

Christian Company
Income Statement
Year Ended December 31, 2013
Not
e
Sales Revenue
Cost of Goods
Sold

8,000,000.0
0
5,100,000.0
0

Gross Income
Expenses:
Distribution
Costs
Administrative
Expenses
Income before tax
Income tax expense
Net Income

2,900,000.0
0
2
3

800,000.00
930,000.00

1,730,000.0
0
1,170,000.0
0
170,000.00
1,000,000.0
0

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