* DO NOT PUT FINAL NUMBER PUT THE FORMULA

Data Section: Depreciation-equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 645,180 30,300 28,665 Answer Section: Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31 Work in process, 1/1 Direct materials Direct materials inventory, 1/1 Add: Purchases of Materials Cost of direct materials available Less: Direct Material, 12/31 Cost of direct materials used Direct labor Manufacturing overhead: Factory rent Depreciation - Equipment Indirect Labor Indirect Material Total manufacturing costs incurred Total manufacturing coets Less: Work in Process, 12/31 Cost of goods manufactured Finished Goods, 1/1 Cost of goods available for sale Less: Finished goods, 12/31 Cost of Goods Sold FORMULA3 642,000 $76,410 FORMULA4 FORMULA5 FORMULA6 0 30,300 91,500 FORMULA1 \$0 FORMULA2 FORMULA7 $0 FORMULAB FORMULA FORMULA1O FORMULA11 172,500 FORMULA12