Chapter 2 - Learning Activity 1 1) Eschliman Manufacturing Company had the following account balances for the quarter ending September 30, unless otherwise noted: Amortization of manufacturing equipment Amortization of office equipment Direct manufacturing labour $88,000 41,200 160,000- Direct materials used 126,000 Finished goods inventory (July 1) Finished goods inventory (September 30) General office expenses 180,000 170,000 101,800 Indirect manufacturing labour 62,000 Indirect materials used 28,000 Marketing distribution costs Miscellaneous plant overhead 10,000' 45,000 Plant utilities 30,800 Property taxes on plant building Property taxes on salespersons' company vehicles Work-in-process inventory (July 1) Work-in-process inventory (September 30) 9,600 4,000 46,800 57,000 Required: a. Prepare a cost of goods manufactured schedule for the quarter. b. Prepare a cost of goods sold schedule for the quarter.