Below is a partial listing of accounts form Company ABC's records. From the list of accounts provide the following:

TO RECEIVE FULL CREDIT YOU MUST SHOW ALL WORK.

A Cost of Goods Manufactured Statement [60 points]

A Determination of prime cost and conversion cost [20 points]

The dollar value for Cost of Goods Sold [10 points]

A classification of all accounts not on your Cost of Goods Manufactured Statement {asset, liability, revenue, etc.} [35 points]

ABC COMPANY

ACCOUNT LISTING

FOR THE MONTH ENDED FEBRUARY 28

CASH................................................................................................$110,100

ACCOUNTS RECEIVABLE.......................................................................57,500

DIRECT MATERIALS.............................................................................75,500

FINISHED GOODS.................................................................................63,800

FACTORY RENT...................................................................................12,800

HEAT, LIGHT, AND POWER....................................................................6800

DIRECT LABOR....................................................................................27,500

DIRECT MATERIAL PURCHASES..........................................................118,500

INDIRECT MATERIALS........................................................................2500

WAGES PAYABLE................................................................................2350

COMMON STOCK............................................................................650,000

LAND.............................................................................................50,000

ADVERTISING EXPENSE...................................................................2250

WORK IN PROCESS.........................................................................6600

SALES............................................................................................300,000

INDIRECT LABOR.............................................................................8800

FACTORY SUPPLIES........................................................................4500

FACTORY SUPPLIES EXPENSE.......................................................1200

PREPAID FACTORY RENT..............................................................25,600

ACCOUNTS PAYABLE...................................................................15,555

DEPRECIATION ON FACTORY EQUIPMENT.......................................3750

OFFICE SALARIES EXPENSE.........................................................4400

IN ADDITION THE FOLLOWING BEGINNING INVENTORIES ARE:

DIRECT MATERIALS........................................................................69,550

WORK IN PROCESS..........................................................................8300

FINISHED GOODS............................................................................ 17,600