Question 1) ABC Manufacturing had the following account balances for the quarter endir unless otherwise noted:...

 

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Question 1) ABC Manufacturing had the following account balances for the quarter endir unless otherwise noted: Work-in-process inventory (January 1) $540,000 Work-in-process inventory (June 30) Finished goods inventory (January 1) Finished goods inventory (June 31) 150,000 530,000 30,000 Direct materials used 400,000 Indirect materials used 14,000 Direct manufacturing labor 250,000 Indirect manufacturing labor 160,000 Property taxes on manufacturing plant building 39,000 Salespersons' company vehicle costs 14,000 Depreciation of manufacturing equipment Depreciation of office equipment Plant utilities Miscellaneous plant overhead 135,412 90,000 Administrative Expenses 800,000 Advertising costs Required: a. b. 60,000 30,000 140,00 Prepare a cost of goods manufactured schedule for the quarter. Prepare a cost of goods sold schedule for half year. Question 1) ABC Manufacturing had the following account balances for the quarter endir unless otherwise noted: Work-in-process inventory (January 1) $540,000 Work-in-process inventory (June 30) Finished goods inventory (January 1) Finished goods inventory (June 31) 150,000 530,000 30,000 Direct materials used 400,000 Indirect materials used 14,000 Direct manufacturing labor 250,000 Indirect manufacturing labor 160,000 Property taxes on manufacturing plant building 39,000 Salespersons' company vehicle costs 14,000 Depreciation of manufacturing equipment Depreciation of office equipment Plant utilities Miscellaneous plant overhead 135,412 90,000 Administrative Expenses 800,000 Advertising costs Required: a. b. 60,000 30,000 140,00 Prepare a cost of goods manufactured schedule for the quarter. Prepare a cost of goods sold schedule for half year.