Computing cost of goods manufactured and cost of goods sold.

(20-25 minutes) Calculate cost of goods manufactured and cost of goods sold from the following account balances relating to 1999 (in million pesetas):  l01

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Property tax on plant building 0.45 Marketing, distribution and customer-service costs 5.55 Finished goods stock, 1 January 1999 4.05 Plant utilities 2.55 Work in progress stock, 31 December 1999 3.90 Depreciation of plant building 1.35 General and administrative costs (non-plant) Direct materials used Finished goods stock, 31 December 1999 Depreciation of plant equipment 6.45 13.05 5.10 1.65 Plant repairs and maintenance 2.40 Work in progress stock, 1 January 1999 3.00 Direct manufacturing labour 5.10 Indirect manufacturing labour 3.45 Indirect materials used 1.65 Miscellaneous plant overhead 0.60