Kennedy Company reported the following amounts for the year 2020.

Required: Prepare the Cost of Goods Manufactured Schedule for Kennedy Company.

Direct materials used	$30,000
Finished goods inventory, Jan. 1 2020	21,000
Finished goods inventory, Dec. 31, 2020	28,000
Factory administrative expenses	22,000
Factory labour used	45,000
Office Administrative expenses	12,000
Sales expenses	21,000
Work in process inventory, Jan. 1, 2020	7,000
Work in process inventory, Dec. 31, 2020	6,000
Manufacturing overhead costs applied	25% of direct labour

Answer rating: 100% (QA)

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