Hi i am having difficulty with finding a formal schedule of cost of goods. These are the questions I am having issues with.

Exercise #2:Using the account balances listed below, prepare a FORMAL schedule of cost of goods manufactured for a Manufacturing Company for the month ended December 31, 2017.Use examples in the PPT slides and in the chapter to help you with the format.

Account Balances

Finished Goods Inventory, December 31 $42,000

Factory Supervisory Salaries 12,000

Income Tax Expense 18,000

Raw Materials Inventory, December 1 12,000

Work In Process Inventory, December 31 25,000

Sales Salaries Expense 14,000

Factory Depreciation Expense 8,000

Finished Goods Inventory, December 1 35,000

Raw Materials Purchases 95,000

Work In Process Inventory, December 1 30,000

Factory Utilities Expense 4,000

Direct Labor 70,000

Raw Materials Inventory, December 31 19,000

Sales Returns and Allowances 5,000

Indirect Labor 21,000

Exercise #3:A Manufacturing Company has the following data at June 30, 2018:

Raw materials inventory, June 1 $13,800

Work in process inventory, June 1 18,100

Finished goods inventory, June 1 43,500

Total manufacturing costs 510,000

Sales 590,000

Work in process inventory, June 30 30,400

Finished goods inventory, June 30 50,200

Raw materials inventory, June 30 18,000

Instructions

(a)Using the above data, prepare an income statement through gross profit for the month of June.

(b)Prepare the current asset section of the balance sheet showing the presentation of the June 30 inventories.

Exercise #4:A Manufacturing Corporation had the following transactions for its first month of operations:

1.The Corporation purchased raw materials on account, $85,000.

2.Factory managers requisitioned Raw Materials of $30,000 to the factory. The materials requisition slips indicated that $6,000 was classified as indirect materials.

3.Factory labor costs incurred were $125,000 of which $100,000 pertained to factory wages payable and $25,000 pertained to employer payroll taxes payable.

4.Time tickets indicated that $104,000 was direct labor and $21,000 was indirect labor.

5.Overhead costs incurred on account were $112,000.

6.Manufacturing overhead was applied at the rate of 150% of direct labor cost.

7.Goods costing $135,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods.

8.Finished goods costing $100,000 to manufacture were sold on account for $130,000.

Instructions

Journalize the above transactions for the Manufacturing Corporation.