The following data pertain to the Adler Manufacturing Company for the year ended December 31, 2004.

Required:

a. Prepare a cost of goods manufactured schedule for 2004.

b. Prepare a cost of goods sold schedule for 2004.

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Beginning direct material inventory Ending direct material inventory Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory $ 12.000 13,000 24,000 25,000 29,500 28,000 Direct material purchased Factory utilities 122,000 2,500 Rent on the factory 64,000 Assembly worker labor cost 86,000 Depreciation on production equipment 92,000 Other indirect factory costs 22,000