The following information is taken from the records of Montreal Company for March: Purchases: a. b....

 

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The following information is taken from the records of Montreal Company for March: Purchases: a. b. C. Direct materials Indirect materials Office supplies Sales Salaries and Benefits: Selling and administrative Direct manufacturing labour Rent Utilities* Advertising pood Inventories: Direct materials Indirect materials Office supplies Finished goods Required: March 1 $4,400,000 $500,000 $150,000 $24,000,000 1600 000 3600 000 VINES March 31 $1,600,000 $ 600,000 $180,000 $16,000,000 $9,000,000 $200,000 $420,000 $36,000,000 $4,000,000 40% $6,000,000 60% krotrae them $4,000,000 $1,200,000 $700,000 *Of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administration. Prepare a schedule of cost of goods manufactured. Prepare an income statement for the month. Compute the prime costs, conversion costs, and indirect manufacturing costs. EL MOH i ac 4M+ The following information is taken from the records of Montreal Company for March: Purchases: a. b. C. Direct materials Indirect materials Office supplies Sales Salaries and Benefits: Selling and administrative Direct manufacturing labour Rent Utilities* Advertising pood Inventories: Direct materials Indirect materials Office supplies Finished goods Required: March 1 $4,400,000 $500,000 $150,000 $24,000,000 1600 000 3600 000 VINES March 31 $1,600,000 $ 600,000 $180,000 $16,000,000 $9,000,000 $200,000 $420,000 $36,000,000 $4,000,000 40% $6,000,000 60% krotrae them $4,000,000 $1,200,000 $700,000 *Of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administration. Prepare a schedule of cost of goods manufactured. Prepare an income statement for the month. Compute the prime costs, conversion costs, and indirect manufacturing costs. EL MOH i ac 4M+