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What information is missing on the schedule of cost of goods manufactured?

1) Direct materials used
2) Direct labor
3) Manufacturing overhead
4) Total manufacturing costs

1 Answer

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Final answer:

The schedule of cost of goods manufactured must include direct materials used, direct labor, manufacturing overhead, and total manufacturing costs to be complete.

Step-by-step explanation:

The schedule of cost of goods manufactured (COGM) is crucial in understanding the total cost involved in manufacturing goods within a specified period. However, the question indicates that some information is missing from the schedule. To complete the schedule, we need precise numbers for direct materials used, direct labor, manufacturing overhead, and the sum of these figures to get the total manufacturing costs.

These categories encompass the raw materials directly used in production, the wages paid to workers directly involved in the manufacturing process, all indirect costs necessary to support the manufacturing, and the overall sum representing the cost incurred in the creation of goods, respectively.

User Mazedul Islam
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