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Gaston Manufacturing Limited has the following inventory and cost data for the year ended October 31 2021 Inventories $38.000 42.000 Raw materials, beginning Raw materials,
Gaston Manufacturing Limited has the following inventory and cost data for the year ended October 31 2021 Inventories $38.000 42.000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending 76,800 112.500 106000 99.000 Costs incurred Selling expense $250.000 Direct labour cost 370000 Purchases of raw materials Rent factory building 88,000 Administrative expenses 202.000 Sales w Indirect factory labour 102.800 Utilities, factory B0700 Supplies, factory Required: (a.) Prepare the schedule of cost of goods manufactured for Gaston Manufacturing Limited for the year ending October 31, 2021 (b) Calculate the cost of goods sold you do not need to prepare a formal schedule) (c) Prepare an income statement for the year ended October 31 2021
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