help

QUESTION II. 20 POINTS The following information is taken from the records of Montreal Company for March: Purchases: Direct materials Indirect materials $9,000,000 Office supplies $200,000 $420,000 Sales $36,000,000 Salaries and Benefits: Selling and administrative Direct manufacturing labour 1600 000 $4,000,000 - 409% 36 00 000 $6,000,000 6090 Rent* Utilities* $4,000,000 MOH Advertising pound $1,200,000 $700,000 i add yM + 1.2 Inventories: March 1 March 31 Direct materials $4,400,000 $1,600,000 Indirect materials $500,000 $ 600,000 Office supplies $150,000 $180,000 Finished goods $24.090,000 $16,090,000 *Of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administration. Required: a. Prepare a schedule of cost of goods manufactured. b . Prepare an income statement for the month. C . Compute the prime costs, conversion costs, and indirect manufacturing costs