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D10 D B QUESTION 1 2 Peter Production Ltd. Had the following account balances for the quarter ended Dec 31, unless otherwise noted. 3 Amortization
D10 D B QUESTION 1 2 Peter Production Ltd. Had the following account balances for the quarter ended Dec 31, unless otherwise noted. 3 Amortization of manufacturing equipment $88.000 4 Amortization of office equipment $41 200 5 Direct manufacturing labour $1.60,000 6 Direct materials used $1 26 000 7 Finished goods inventory (October 1) $180,000 8 Finished goods inventory (December 31) $1,70,000 9 General office expenses $1,01 800 10 indirect manufacturing labour $62,000 11 indirect materials used $28,000 12 marketing distribution costs $10,000 13 miscellaneous plant overhead $45,000 14 plant utilities $30,800 15 Property taxes on plant building $9.500 16 Property taxes on salespersons company vehicles $4,000 17 Work-in-process inventory (Oct 1) $46,800 18 Work in process inventory (Dec 31) $57.000 19 A) Prepare a cost of Goods manufactured schedule for the quarter. 20 B) Prepare the cost of goods sold schedule for the quarter 21 22 23
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