Option #2: Cost of Goods Manufactured Statement

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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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