Given:

Direct Labour = $42,000

WIP, beginning = $6,000

FG, beginning = $30,000

Sales $200,000

Direct materials used = ?

FOH is 40% of conversion cost

WIP, end = $2,000

FG, end = $10,000

Gross margin % = 40%

REQUIRED:

statement)

Prepare a Schedule of Costs of Goods Manufactured (a.k.a. manufacturing