1. Indigo Corporation incurred the following costs while manufacturing its product.

Materials used in product		$144,000		Advertising expense		$54,000
Depreciation on plant		72,000		Property taxes on plant		17,200
Property taxes on store		9,000		Delivery expense		24,800
Labor costs of assembly-line workers		132,000		Sales commissions		42,000
Factory supplies used		28,400		Salaries paid to sales clerks		60,000

Work in process inventory was $14,600 at January 1 and $18,400 at December 31. Finished goods inventory was $72,000 at January 1 and $54,500 at December 31.

(a) Compute cost of goods manufactured.

Cost of goods manufactured

$enter cost of goods manufactured in dollars

(b) Compute cost of goods sold

Cost of Goods Sold $

2. Sheffield Corporation has the following cost records for June 2022.

Indirect factory labor		$5,200		Factory utilities		$460
Direct materials used		22,400		Depreciation, factory equipment		1,580
Work in process, 6/1/22		3,360		Direct labor		44,800
Work in process, 6/30/22		4,280		Maintenance, factory equipment		2,040
Finished goods, 6/1/22		5,600		Indirect materials		2,600
Finished goods, 6/30/22		8,400		Factory managers salary		3,360

(a) Prepare a cost of goods manufactured schedule for June 2022.

3. Blue Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Blues monthly manufacturing cost and other expense data are as follows.

Rent on factory equipment		$12,000
Insurance on factory building		1,650
Raw materials used (plastics, polystyrene, etc.)		84,900
Utility costs for factory		930
Supplies for general office		350
Wages for assembly-line workers		58,300
Depreciation on office equipment		840
Miscellaneous materials (glue, thread, etc.)		1,230
Factory managers salary		5,800
Property taxes on factory building		430
Advertising for helmets		14,400
Sales commissions		10,120
Depreciation on factory building		1,660

(a) Prepare an answer sheet with the following column headings. Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns.