Question: Please complete in Excel style format Question 1-8 Points During 2018, South State Company used $71,000 of direct materials and incurred $37,000 of direct labour
Please complete in Excel style format
Question 1-8 Points During 2018, South State Company used $71,000 of direct materials and incurred $37,000 of direct labour costs. Indirect labour amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory (manufacturing plant) included utilities of $3,100; maintenance of $4,500; supplies of $1,800; depreciation expense of $7,900; and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with a $7,500 balance. Required: Prepare a schedule of cost of goods manufactured for South State Company for the year ended December 31, 2018
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