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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?