1 Cost of Goods Manufactured 2 3 Vancouver Ltd. has the below inventory balances and other information at the end of Dec 2019. 4 5 6 Balances Beginning Ending $ 12,050.00 $ 8,000.00 $ 850.00 $ 3,500.00 $ 200.00 $ 3,800.00 7 8 Direct Material 9 Working in Process Inventory 10 Finished Goods Inventory 11 12 Other information 13 Purchase of Direct Material 14 Factory Supervisor Salaries 15 Sales Salaries and Commissions 16 Delivery Cost 17 Sales Revenue 18 Factory Utility Costs 19 Factory Rent 20 Direct Labor 21 22 Requirement 23 24 1. Cost of Goods Manufactured $ 45,000.00 $ 5,750.00 $ 7,250.00 $ 1,400.00 $ 1,200.00 $ 17,750.00 $ 23,000.00 25 21 22 Requirement 23 24 1. Cost of Goods Manufactured 25 26 27 =Direct Material Used 28 29 Direct Labor 30 31 Total Manufacturing Overhead 32 33 34 Current Manufacturing Costs 35 Manufacturing Costs Available to Complete 36 37 Cost of Goods Manufactured 38 39 40 2. Calculate Cost of Goods Sold 41 42 43 COGS 44 45