Armstrong Helmet Company Cost of Goods Manufactured Schedule For the Month Ended December 31st, 2014 Work

in process, Dec 1 Direct Materials Raw Materials Inventory Dec 1 Raw Materials Purchases Total raw materials available for use Less: Raw materials inventory, Dec 31 Direct Materials Used Direct Labour Manufacturing Overhead Depreciation Factory Building Insurance on Factory Building Miscellaneous Expenses Factory Property Taxes Factory Building Rent on Production Equipment Utility Costs - Factory Total Manufacturing Overhead Total Manufacturing Costs Total cost of work in process Less: Work in Process, Dec 31 Cost of goods manufactured $ $ $ 70,000.00 $ 70,000.00 $ $ 70,000.00 $ 70,000.00 -

$ 1,500.00 $ 1,500.00 $ 1,000.00 $ 400.00 $ 6,000.00 $ 900.00 $ 11,300.00 $ 151,300.00 0.00 0 $ 151,300.00

Item Raw Materials Advertising for helmets Administrative Salaries Depreciation Factory Building Depreciation Office Equipment Insurance on Factory Building Miscellaneous Expenses - Factory Office Supplies Expense Professional Fees Property Taxes Factory Building Rent on Production Equipment Research & Development Sales Commission Utility Costs - Factory Wages Factory

Variable Costs $ 70,000.00

Fixed Costs

Total Costs

$11,000 $15,500 $1,500 $800 $1,500 $ 1,000.00 $300 $500 $400 $6,000 $10,000 $ 40,000.00 $900 $ 70,000.00 $ 181,000.00 48400 $ 229,400.00