Entry Rules:

Round your answer to the nearest whole number.

Examples:

If your answer is $24,500.47, enter 24500

If your answer is $24,500.51, enter 24501

If your answer is $24,500.00, enter 24500

Never enter $ or , when inputting numerical answers

QUESTION:

Hillbrand Company has the following information for the current year:

Opening inventory (units)	1,000
Production (units)	12,600
Ending inventory (units)	1,400
Sales price (per unit)	$250.00

The company's accounting records provide the following information for the year:

Description	Amount ($)
Product quality inspector	76,300
Depreciation (factory)	280,600
Salary, sales manager	103,700
Accounting dept. costs	164,700
Direct Labour	350,800
Depreciation (head office)	216,600
Assembly line supervisor's salary	94,600
Property taxes (factory)	33,600
Indirect labour	143,400
Administrative costs, head office	140,300
Indirect materials	115,900
Raw material purchases	562,000
Opening Finished Goods Inventory	21,400
Closing Finished Goods Inventory	28,800
Opening raw materials inventory	13,000
Closing raw materials inventory	10,700
Opening WIP Inventory	6,200
Closing WIP Inventory	11,900

Using the above information, develop a Schedule of Cost of Goods Manufactured, Schedule of Cost of Goods Sold, and an Income Statement. Use the information to answer the following questions.

What is the total Direct Materials Used from the Schedule of Cost of Goods Manufactured?

_____

What is the total Direct Labour from the Schedule of Cost of Goods Manufactured?

______

What is the total Manufacturing Overhead costs from the Schedule of Cost of Goods Manufactured?

_____

What is the total Cost of Goods Manufactured from the Schedule of Cost of Goods Manufactured?

______

What is the total Cost of Goods Sold from the Cost of Goods Sold Statement?

______

What is the total Operating Income, also called Income before Income Taxes, from the Income Statement?

______