ACCT 3000_RLB Quiz_1 Product Costs, Cost of Goods Manufactured Statement, and the Income Statement Brampton Chemicals Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed and then bottled in 10-litre drums. The company has provided the following information for the year ending December 31, 2020: Raw materials purchased $350,000 Direct labour 240,000 Depreciation on factory equipment 65,000 Depreciation on factory building 80,000 Factory Land and Building 130,0000 Office Furniture 240,000 Depreciation on headquarters building 55,000 Office Rent 240,000 Factory Rent 120,000 Factory insurance 65,000 Accounts Payable 124,000 Accounts Receivable 265,000 Factory Equipment 400,000 Headquarters Office Building 3,000,000 Property taxes: Factory 20,000 Headquarters 48,000 Utilities for factory 64,000 Utilities for sales office 11,800 Sales office Furniture 240,000 Land for future factory 600,000 Administrative salaries 210,000 Indirect labour salaries 136,000 Sales office salaries 190,000 Prepaid Insurance for Factory 120,000 Wages and salaries payable 103,000 Beginning balance, raw materials 154,000 Beginning balance, WIP 114,000 Beginning balance, finished goods 184,000 Ending balance, raw materials 132,000 Ending balance, WIP 110,000 Ending balance, finished goods 142,000 During the year, the company completed 120,000 units. Sales revenue was $2, 100,000. The company paid a sales commission of 8 percent of sales