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

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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

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.