Question: Need help with A-C, thanks QUESTION II. 20 POINTS The following information is taken from the records of Montreal Company for March Purchases Direct materials
QUESTION II. 20 POINTS The following information is taken from the records of Montreal Company for March Purchases Direct materials Indirect materials Office supplies $9,000,000 $200,000 $420,000 Sales $36,000,000 Salaries and Benefits Selling and administrative Direct manufacturing labour $4,000,000 $6,000,000 Rent Utilities Advertising $4,000,000 $1,200,000 $700,000 Inventories March 1 March 31 Direct materials $4,400,000 $1,600,000 Indirect materials $500,000 $ 600,000 Office supplies $150,000 $180,000 Finished goods $24,000,000 $16,000,000 *Of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administration Required: Prepare a schedule of cost of goods manufactured b. Prepare an income statement for the month c. Compute the prime costs, conversion costs, and indirect manufacturing costs a
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