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Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented...

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Accounting

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Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information Direct Materials Inventory, beginning 80,000 Direct Materials Inventory, ending $122,000 Work in Process Inventory, beginning $140,000 work in Process Inventory, ending 95,000 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $780,000 $940,000 50,000 $22,000 $15,000 $220,000 $17,000 $ 8,000 $ 18,000 14,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens

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