Question: Can someone please help me with this question? Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant

 Can someone please help me with this question? Tombert Company is
a manufacturer of computers. Its controller resigned in October 2020. An inexperiencedCan someone please help me with this question?
assistant accountant has prepared the following income statement for the month of
October 2020. TOMBERT COMPANY Income Statement For the Month Ended October 31,

Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. TOMBERT COMPANY Income Statement For the Month Ended October 31, 2020 Sales (net) $ 783,900 Less: Operating expenses Raw materials purchases $264,550 Direct labour cost 190.750 Advertising expense 89.400 Selling and administrative salaries 74,800 Rent on factory facilities 60,500 Depreciation on sales equipment 44,600 Depreciation on factory equipment 31.150 Indirect labour cost 28.800 Utilities expense 12.400 8.800 805.750 Insurance expense $(21.850) Net Loss Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information 1. Inventory balances at the beginning and end of October were as follows: October 1 Raw materials $17,150 October 31 $29,500 14,700 45,800 16,500 Work in process Finished goods 30,800 2. Only 72% of the utilities expense and 54% of the insurance expense apply to factory corations. The remaining amounts should be charged to selling and administrative activities. Prepare a schedule of the cost of goods manufactured for October 2020 TOMBERT COMPANY Cost of Goods Manufactured Schedule For the Month Ended October 31, 2020 > > $ >> V

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