Question: Your first internship assignment is to prepare two schedules for Sarasota Blue Co., a manufacturing company. You have a file that contains a copy of


Your first internship assignment is to prepare two schedules for Sarasota Blue Co., a manufacturing company. You have a file that contains a copy of last year's work for both schedules; you plan to follow the same format as last year, hoping the staff accountant had it right. You also have access to the full set of financials for Sarasota Blue, and you can dig further into any of the accounts via the accounting system, too. Here's the information you have pulled, with the same items as last year. Beginning of Year End of year DM Inventory $9,100 $10,000 WIP Inventory 21,000 13,000 FG Inventory 6,600 8,200 DM purchases 154,000 DL costs 227,000 Production supervisor salary 64,000 Utility costs in production space 13,000 Depreciation on manufacturing facility and equipment 44,000 Indirect materials 8,800 Indirect labor 15,000Schedule of COGM & COGS to $
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