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19 Marks] The following alphabetical list of items was taken from the records of Machiko Company. Advertising expense $19,200 Depreciation - factory equipment $28,350 Depreciation
19 Marks] The following alphabetical list of items was taken from the records of Machiko Company. Advertising expense $19,200 Depreciation - factory equipment $28,350 Depreciation office equipment $6,750 Depreciation - sales equipment $7,100 Direct labour cost (factory) $543,200 Factory supervision $97,200 Factory supplies used $12,900 Factory utilities $27,000 Finished goods inventory, beginning $120,800 Finished goods inventory, ending $113,400 Income tax expense $110,400 Indirect labour (factory) $47,250 Maintenance, factory equipment $22,000 Miscellaneous production costs $7,600 Office salaries expense $6,700 Raw materials, beginning $122,750 Raw materials, ending $136,350 Purchases of raw materials $701,000 Rent expense, administration and sales $38,100 office Rent on factory building $64,800 Sales $2,431,350 Sales Salaries $236,250 Work-in-process inventory, beginning $8,200 Work-in-process inventory, ending $11,250 Required: [9 Marks] Using the information provided above, prepare a schedule of cost of goods manufactured in good form
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