1) T&Z Manufacturing provides the following information for the year ended December 31: Cost Incurred: Inventories:...

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1) T&Z Manufacturing provides the following information for the year ended December 31: Cost Incurred: Inventories: Advertising 50,000 Opening Closing Balances Balances Direct Labour 80,000 Indirect Labour 60,000 Raw Materials Raw Material Purchased 160,000 Building Rent (75% for Factory; 25% for Office) 50,000 Work In Process Finished Goods 24,000 15,000 60,000 30,000 210,000 75,000 Utilties (80% for Factoryl 20% for Office) 35,000 Maintenance (100% Factory) 25,000 Office Salaries Factory Management Salaries Sales Commission 140,000 535,000 35,000 15,000 Office Supplies Required: Worth 6 Marks 21 a. Prepare a Schedule of Cost of Goods Manufactured. b. Prepare the Cost of Goods Sold Section of T&Z Manufacturing's Income Statement for the year. 1) T&Z Manufacturing provides the following information for the year ended December 31: Cost Incurred: Inventories: Advertising 50,000 Opening Closing Balances Balances Direct Labour 80,000 Indirect Labour 60,000 Raw Materials Raw Material Purchased 160,000 Building Rent (75% for Factory; 25% for Office) 50,000 Work In Process Finished Goods 24,000 15,000 60,000 30,000 210,000 75,000 Utilties (80% for Factoryl 20% for Office) 35,000 Maintenance (100% Factory) 25,000 Office Salaries Factory Management Salaries Sales Commission 140,000 535,000 35,000 15,000 Office Supplies Required: Worth 6 Marks 21 a. Prepare a Schedule of Cost of Goods Manufactured. b. Prepare the Cost of Goods Sold Section of T&Z Manufacturing's Income Statement for the year.