capture 1-1

prepare cost of good manufacture

prepare revise income statement for the quater

bales $1,422,888 Purchases of materials (1) 251,148 Payroll (2) 268,588 Advertising 38,888 Administrative travel 28,688 Hanufacturing utilities 51,488 Facility rental (3) 188,888 Depreciation (4) 65,588 Sales commissions 51,888 Annual insurance (manufacturing) 58,888 Office utilities 23,488 Hanagement salaries (5) 3933333 Net income $ 971353 I N otes: [1] 70% of the materials were direct {2) 60% direct labour; 40% indirect labour [3) 90% related to manufacturing [4] 70% related to manufacturing [5] 40% related to manufacturing Furthermore, Rosenthal compiled the following information with respect to inventories for the quarter {note that the company does not maintain inventories of indirect materials}. Beginning _ Ening Direct materials $ 7,3?8 $8,568 Work in process 8,5?8 9,928 Finished goods 11,?88 ?,?28