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

Your first internship assignment is to prepare two schedules for Indigo 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 Indigo 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 $ 8,500 $ 10,300 WIP Inventory 20,000 12,000 FG Inventory 6,500 8,000 DM purchases 140,000 DL costs 220,000 Production supervisor salary 60,000 Utility costs in production space 13,000 Depreciation on manufacturing facility and equipment 45,000 Indirect materials 8,000 Indirect labor 15,000 Required Prepare a complete schedule of COGM and COGS for Indigo Blue for the current year, in good form. Will these schedules be published as part of the company's financial statements? Explain their purpose. You did not gather information about depreciation expense on the headquarters facility, executive salaries, advertising costs, or administrative expenses. If Indigo actually incurred all of these costs, should

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