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(11 marks) The following alphabetical list of items was taken from the records of Greer Company. Advertising expense Depreciation - factory equipment Depreciation - office
(11 marks) The following alphabetical list of items was taken from the records of Greer Company. Advertising expense Depreciation - factory equipment Depreciation - office equipment Depreciation - sales equipment Direct labour cost (factory) Factory supervision Factory supplies used Factory utilities Finished goods inventory, beginning Finished goods inventory, ending Income tax expense Indirect labour (factory) Maintenance, factory equipment Miscellaneous production costs Office salaries expense Raw materials, beginning Raw materials, ending Purchases of raw materials Rent expense, administration and sales office Rent on factory building Sales Sales Salaries Work-in-process inventory, beginning Work-in-process inventory, ending $19,200 $28,350 $6,750 $7,100 $543,200 $97,200 $12,900 $27,000 $120,800 $113,400 $110,400 $47,250 $22,000 $7,600 $6,700 $122,750 $136,350 $701,000 $38,100 $64,800 $2,431,350 $236,250 $8,200 $11,250 Required: a.) Using the information provided above, prepare a schedule of cost of goods manufactured in good form. A TITLE IS NOT NECESSARY. THERE WILL BE A HALF MARK DEDUCTION FOR EACH ITEM THAT YOU PUT IN THIS SCHEDULE THAT SHOULD NOT BE THERE. EACH ITEM NEEDS TO BE PROPERLY LABELLED FOR FULL MARKS (9 marks) b.) Determine the cost of goods sold for the year. YOU NEED TO PROPERLY LABEL EACH ITEM FOR FULL MARKS. (2 marks)
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