Goodman Products has the following balances for its accounts for the quarter ending March 31:

At the beginning of the quarter (January 1), the following balances for inventories were reported:

Prepare a cost of goods manufactured schedule and a cost of goods sold schedule for the quarter.

Transcribed Image Text:

Direct manufacturing labour $150,000 Direct materials used 120,000 Depreciation of manufacturing equipment 80,000 Depreciation of computer equipment 41,000 Plant utilities 38,000 Property taxes on building 5,500 Miscellaneous plant overhead 46,000 Finished goods inventory 165,000 General office expenses 98,000 Marketing costs 22,000 Work-in-process inventory 65,000