$1$

Problem $2-17$ Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour $[$LO$1,$ LO$2,$ LO$,$ LO$4,$ LO$5]$

The following information pertains to the most recent quarter at Precious Production Limited.

$20$

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$\backslash$table$[[$Purchases of raw materials,$],[$Raw materials inventory, beginning,$384,000],[$Raw materials inventory, ending,$46,400],[$Depreciation$,$ factory,$76,000],[$Insurance$,$ factory,$208,000],[$Direct labour,$21,600],[$Maintenance$,$ factory,$251,200],[$Administrative expenses,$126,400],[$Sales$,292,800],[$Utilities$,$ factory,$2,184,000$