At December 31, 2019, the end of its fiscal year, Perez Manufacturing Corporation collected the following data for 2019:

Required Prepare a schedule of cost of goods manufactured and sold for Perez Manufacturing Corporation for the year ended December 31, 2019, assuming that there were no other manufacturing overhead items than those listed above.

Transcribed Image Text:

Materials inventory, January 1. Materials inventory, December 31 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased. Direct labor.... Indirect materials Indirect labor... Factory supplies used. $ 80,000 60,000 100.000 140,000 120.000 110,000 180,000 280,000 15.000 75,000 16,000 Factory depreciation... 30,000 Factory repairs and maintenance. 22,000 Selling expenses 64,000 Non-factory administrative expenses 58,000