1. Using the information below, prepare a Schedule of Cost of Goods Manufactured - Purchases of raw materials = $95,000.00
Raw materials inventory, beginning = $9,000.00
Raw materials inventory, ending = $16,000.00
Depreciation, factory = $45,000.00
Insurance, factory = $7,500.00
Direct Labour = $68,000.00
Maintenance factory = $33,000.00
Administrative Expenses = $65,000.00
Sales = $472,000.00
Utilities, factory = $29,000.00
Supplies, factory = $3,000.00
Selling expenses = $90,000.00
Indirect labour = $72,000.00
Work in Process inventory, beginning = $5,000.00
Work in Process inventory, ending = $26,000.00
Finished Goods inventory, beginning = $12,000.00
Finished Goods inventory, ending = $45,000.00