Question: Chapter 02 Using the information below, prepare a Schedule of Cost of Goods Manufactured. - 8 marks Purchases of raw materials $95,000.00 Raw materials inventory,

Chapter 02

  1. Using the information below, prepare a Schedule of Cost of Goods Manufactured. - 8 marks
Purchases of raw materials $95,000.00
Raw materials inventory, beginning $9,000.00
Raw materials inventory, ending $16,000.00
Depreciation, factory $45,000.00
Insurance, factory $7,500.00
Direct Labour $68,000.00
Maintenance factory $33,000.00
Administrative Expenses $65,000.00
Sales $472,000.00
Utilities, factory $29,000.00
Supplies, factory $3,000.00
Selling expenses $90,000.00
Indirect labour $72,000.00
Work in Process inventory, beginning $5,000.00
Work in Process inventory, ending $26,000.00
Finished Goods inventory, beginning $12,000.00
Finished Goods inventory, ending $45,000.00

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