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1. Various cost and sales data for Meriwell Company for the just completed year, during which it produced 10,000 units, follow: Finished goods inventory, beginning

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1. Various cost and sales data for Meriwell Company for the just completed year, during which it produced 10,000 units, follow: Finished goods inventory, beginning $38,000 Finished goods inventory, ending 76,000 Depreciation, factory 24,000 Administrative expenses 125,000 Utilities, factory 14,000 Maintenance, factory 94,000 Supplies, factory 13,000 Insurance, factory 6,200 Purchases of raw materials 143,000 Raw materials inventory, beginning 16,000 Raw materials inventory, ending 8,000 Direct labour 88,000 Indirect labour 12,000 Work-in-process inventory, beginning 25,000 Work-in-process inventory, ending 37,000 Sales 590,000 Selling expenses 87,000 Required: 1. Prepare a schedule of cost of goods manufactured

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