The following is information provided from the records of Kaimana Company for August $31,2023$: Sales $$18,500,000$ Salaries and benefits: Selling & administration $2,000,000$ Direct manufacturing labour $3,000,000$ Plant Maintenance workers $60,000$ Purchases of Direct Materials $4,500,000$ Indirect materials used $117,500$ Amortization expense $**225,000$ Rent and insurance$**2,000,000$ Property taxes on plant equipment $12,500$ Management salaries $120,000$ Heat, light & power $**600,000$ Advertising expense $350,000**$: $70\%$ OF THESE COSTS ARE ASSIGNED TO MANUFACTURING OVERHEAD, AND $30\%$ TO SELLING AND ADMINISTRATION Inventories: August $1$ August $31$ Finished goods $ $12,000,000$ $$8,000,000$ Direct Materials $2,200,000800,000$ Work in process $187,500212,500$ 

 IN GOOD FORM, prepare a Schedule of Cost of Goods Manufactured for August. $(20$ marks$)2.$ IN GOOD FORM, prepare an Income Statement for August .

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Schedule of Cost of Goods Manufactured for August Cost Component Amount Direct Materials Us... View the full answer