Cost of Goods Manufactured and Schedule of Goods sold Question (15 marks):

The following costs have been provided to you for BazeBawl Co., which manufactures and sells Baseballs. They are asked to prepare the Cost of Goods Manufactured and Schedule of Goods sold as at Dec 31, 2018. Opening WIP $5,000; Ending WIP $3,000; Opening Finished goods $2,000; Ending $4,000.

Red thread, and white leather			$ 500,000
Rent			60,000
Heat			20,000
Retail Store, Janitorial staff			50,000
Sewing time, baseballs			100,000
Power for manufacturing			15,000