5.

Problem 1 (22%) Henry Manufacturing Company had the following account balances for the quarter ending March 31 2021, unless otherwise noted: Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used in production Indirect materials used in production Direct manufacturing labor in production Indirect manufacturing labor in production Property taxes on office building Salespersons' salaries in sales office Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities in production Salespersons' commission in sales office $ 140,000 160,000 520,000 530,000 400,000 80,000 500,000 180,000 20,000 12,000 260,000 120,000 130,000 90,000 30,000 Required: Prepare a cost of goods manufactured schedule for the quarter ended March 31 2021. 1/11 Contd Problem I (225) -y 5/11