Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials $ 200,000 Direct labor 64,000 Factory overhead costs 25,200 Work in process, beginning 157,600 Work in process, ending 152,500

cost of goods manufactured = $294,300

Explanation:

The cost of goods manufactured is calculated using the following formula:

cost of goods manufactured = beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

schedule of cost of goods manufactured:

Beginning WIP = 157,600

Direct material = 200,000

Direct labor = 64,000

Allocated overhead = 25,200

Ending WIP = (152,500)

cost of goods manufactured = $294,300