Opal Inc.used $213,000 of direct materials and incurred $111,000 of direct labor costs during 2015.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 Opal Inc.using the format below.
COST OF GOODS MFGD

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The Answer of Opal Inc.used $213,000 of direct materials and incurred $111,000 of direct labor costs during 2015.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 Opal Inc.using the format below.
COST OF GOODS MFGD

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