ACCT1300 Pretest CH 1-3 Professer 3.P. Vida, CPA, CMA ESSAY Problem Solving 1) Legan Products, a small manufacturer, has submitted the items below concerning last year's operations. The president's secretary, trying to be helpful, has alphabetized the list. Administrative salaries Advertising expense Depreciation-factory building Depreciation factory equipment Depreciation office equipment Direct labour cost $2.400 1,200 800 1.600 180 21.900 Raw materials inventory, beginning 2.100 Raw materials inventory, ending 3,200 Finished goods inventory, beginning 46.980 Finished goods inventory, ending 44,410 General liability insurance expense 240 Indirect labour cost 11,800 Insurance on factory 1.400 Repairs and maintenance of factory Purchases of raw materials Sales salaries Taxes on factory Travel and entertainment expense Work in process inventory, beginning Work in process inventory, ending Required: a. Prepare a schedule of Cost of Goods Manufactured in good form for the year. b. Determine the Cost of Goods Sold for the year. 14,600 900 2,000 450 1.410 1.670 1.110