Cummings Tannery Inc. Cost and Sales Information For The Year Ended December 31

Purchase of Raw Materials . $ 270,000 Raw Material Inventory Beginning . 30,000 Raw Materials Ending . 51,000 Depreciation, Factory . 126,000 Insurance, Factory . 15,000 Direct Labour . 180,000 Maintenance, Factory .. 90,000 Administrative expenses .. 210,000 Sales ... 1,350.000 Utilities Factory .. 81,000 Supplies Factory .. 3,000 Selling Expense 240,000 Advertising Expense . 60,000 Indirect labour, factory .. 195,000 Work in process inventory beginning .. 21,000 Work in process inventory, ending .. 90,000 Finish goods inventory, ending ... 30,000 Finish goods inventory beginning 120,000

Required:

A. Prepare a Schedule of Cost of Good Manufactured. (15 Marks) B. Prepare a Statement of Cost of Goods Sold. (5 Marks)