Ignore all highlighted words. I need the journal entries for WIP, COGS, dividends, etc... I provided an example of the journal entries I need (last picture). I also need a schedule of COGM

1 All sales are FOB Shipping Point and billing date and shipping are the same. 2 The company calculates COGS periodically for each quarter using the average cost of Finished Goods 3 Direct Raw materials used in quarter is $ 70,000.00 4 Indirect Raw materials used in quarter is $ 5,000.00 5 Raw materials inventory count ($value) at quarter end is $ 12,000.00 6 Depreciation for the quarter needs to be booked Factory. MOH $ 30,000.00 Selling Depreciation Expense $ 2,000.00 Admin Depreciation Expense $ 3,000.00 7 Actual direct labour hours (DLH) incurred 8,000 hours 8 Predetermined overhead rate is $ 11.35 per DLH 9 Number of units manufactured 275 units 10 Indirect labour recorded to MOH is $ 28,000 11 At Quarter end a physical count ($value) of the WIP inventory (unadjusted balance) is determined to be $ 15,600.00 12 At year end the physical count (# of units) for Finished Goods was 36 units 13 The corporate income tax rate is 22% 14 Over under applied Manufacturing Overhead is allocated to inventory - WIP 15 At quarter end the directors declarded dividends payable April 30th, 2020 to shareholders of record April 15th, 2020 of; $ 12,000.00 16 A physical count ($value) of Supplies showed a balance of operating expenses); $ 9,500.00 17 At the end of March the company took delivery and ownership of a manuafacturing piece of equipment that is due to be paid in 90 days from delivery $47,000 18 The unearned revenue December yearend balance related to some design services completed in the first quarter and as such the liability balnce should be zero and recorded as Canoe Revenue. March 31, 2020 December 31, 2019 March 31, 2020 March 29, 2020 excludes GST Cash Accounts Receivable Supplies Inventory - Raw materials Inventory - WIP Inventory - Finished goods Equipment Accum deprec-equip Accounts Payable Dividends payable GST Payable Income tax Payable Bank Loan - demand Unearned Revenue Shareholder Loan Common Shares Retained Earnings Dividends declared at Year end Canoe Revenue Cost of goods manufactured Depreciation Interest and bank fees Rent Direct labour salaries Indirect labour Insurance Indirect materials Direct materials G&A Expenses MOH Clearing acct Income tax expense 31-Dec-19 37,589.00 80,800.00 15,800.00 13,000.00 39,000.00 41,600.00 1,670,200.00 (555,000.00) (29,300.00) (6,000.00) (2,425.00) (28,400.00) (116,000.00) (14,500.00) (500,000.00) (200,000.00) (216,750.00) 24,000.00 (1,668,800.00) 1,138,386.00 22,000.00 4,000.00 36,000.00 19,800.00 98,000.00 97,000.00 Net Income (253,614.00) GST 150.00 47.25 CK No. Date Payee 58 2019-12-23 Landlord rental 59 2019-12-23 Supply Warehouse 60 2019-12-23 COOP Insurance 61 2019-12-30 ENMAX 62 2019-12-23 Apex materials Coding Rent (cheque cleared December 24, 2019) Supplies (cheque cleared in 2020) Insurance (cheque cleared in 2020) Utilities - MOH (cheque cleared in 2020) Inventory- Raw Materials (cheque cleared in 2020) Amount 3,150.00 992.25 4,800.00 480.90 1,575.00 Net 3,000.00 945.00 4,800.00 458.00 1,500.00 22.90 75.00 63 2020-01-15 Standard General 64 2020-01-15 Wood King 65 2020-01-15 Staff labour 66 2020-01-31 Support Staff 67 2020-01-31 Staff labour 68 2020-01-31 Wood King 69 2020-01-31 Support Staff 70 2020-01-31 ENMAX 71 2020-03-11 CRA 72 2020-03-11 CRA 73 2020-02-15 Apex materials 74 2020-02-15 Landlord rental 75 2020-02-15 Staff labour 76 2020-02-26 Marketing Staff 77 2020-02-26 Web Services 78 2020-02-28 Staff labour 79 2020-02-28 Apex materials 80 2020-02-28 Support Staff 81 2020-02-28 Support Staff 82 2020-02-28 ENMAX 83 2020-03-14 Staff labour 84 2020-03-30 Marketing Staff 85 2020-03-30 Wood King 86 2020-03-30 Staff labour 87 2020-03-30 Support Staff 88 2020-03-30 Support Staff 89 2020-03-30 ENMAX 90 2020-03-30 Dividend payment 91 2020-03-30 Staples 92 2020-03-30 Variuos 93 2020-04-04 Landlord rental 94 2020-04-04 Landlord rental 95 2020-04-04 Web Services Indirect materials - Accounts Payable December 2019 Inventory- Raw Materials Labour - Direct labour Labour - Indirect Labour Labour - Direct labour Inventory - Raw Materials Operating expenses - Administration Utilities - MOH Clearing GST - December last year Income tax - December last year Inventory- Raw Materials Rent January and February Labour - Direct labour Selling cost Selling cost Labour - Direct labour Inventory - Raw Materials Labour - Indirect labour Operating expenses - Administration Utilities - MOH Clearing Labour - Direct labour Selling cost Inventory- Raw Materials Labour - Direct labour Labour - Indirect labour Operating expenses - Administration Utilities - MOH Clearing Dividend Supplies Accounts Payable Rent March Rent April Selling costs - March expenses 15,300.00 26,250.00 18,000.00 8,925.00 18,000.00 42,000.00 15,750.00 7,875.00 2,425.00 28,400.00 1,050.00 6,720.00 18,000.00 15,750.00 12,600.00 18,000.00 1,575.00 13,125.00 15,750.00 6,300.00 18,000.00 26,250.00 10,500.00 6,000.00 7,350.00 21,000.00 8,925.00 6,000.00 4,725.00 12,000.00 3,360.00 3,360.00 2,100.00 15,300.00 1,250.00 25,000.00 18,000.00 425.00 8,500.00 18,000.00 2,000.00 40,000.00 750.00 15,000.00 375.00 7,500.00 2,425.00 28,400.00 50.00 1,000.00 320.00 6,400.00 18,000.00 750.00 15,000.00 600.00 12,000.00 18,000.00 75.00 1,500.00 625.00 12,500.00 750.00 15,000.00 300.00 6,000.00 18,000.00 1,250.00 25,000.00 500.00 10,000.00 6,000.00 350.00 7,000.00 1,000.00 20,000.00 425.00 8,500.00 6,000.00 225.00 4,500.00 12,000.00 160.00 3,200.00 160.00 3,200.00 100.00 2,000.00 Accounting Project T-Accounts (General Ledger) December 31, 2019 prior to closing Cash Accts Rec 37,589.00 80,800.00 Inventory - Finished Goods 41,600.00 Supplies 15,800.00 Equipment 1,670,200.00 Inventory- Raw Materials 13,000.00 Accum. Deprec 555,000.00 GST Payable 2,425.00 Inventory - WIP 39,000.00 Accts Payable Canoe revenue Insurance 19,800.00 29,300.00 1,668,800.00 Dividens Payable COGS 1,138,386.00 Operating expenses 98,000.00 6,000.00 Income tax payable Depreciation 22,000.00 MOH Clearning 28,400.00 Bank Loan-Demand Rent expense 36,000.00 Income Tax expense 97,000.00 116,000.00 Unearned revenue Indirect labour 14,500.00 Interest expense 4,000.00 Shareholder loan Direct Labour salaries Selling expenses 500,000.00 Common shares 200,000.00 Retained earnings 216,750.00 Income Summary Dividends declared 24,000.00 4,000 Manufacturing Overhead Inventory - RM 4,000 500 Operating expense Inventory- RM 500 Manufacturing Overhead Depreciation expense Accumulated depreciation 30,000 5,000 35,000 81,000 Inventory - WIP Applied Manufacturing Overhead 81,000 96,000 Inventory - WIP Labour expense 96,000 28,000 Manufacturing Overhead Indirect Labour 28,000 Inventory - WIP Manufacturing 3,000 3,000 284,400 Inventory - FG Inventory - WIP 284,400 267,750 Cost of Goods Sold Inventory - FG 267,750 40,767 Income Tax expense Income tax payable 40,767 Dividends declared Dividends payable Record Transactions Cheque Register 15,000 15,000 Bank Reconciliation Additic ... 1 All sales are FOB Shipping Point and billing date and shipping are the same. 2 The company calculates COGS periodically for each quarter using the average cost of Finished Goods 3 Direct Raw materials used in quarter is $ 70,000.00 4 Indirect Raw materials used in quarter is $ 5,000.00 5 Raw materials inventory count ($value) at quarter end is $ 12,000.00 6 Depreciation for the quarter needs to be booked Factory. MOH $ 30,000.00 Selling Depreciation Expense $ 2,000.00 Admin Depreciation Expense $ 3,000.00 7 Actual direct labour hours (DLH) incurred 8,000 hours 8 Predetermined overhead rate is $ 11.35 per DLH 9 Number of units manufactured 275 units 10 Indirect labour recorded to MOH is $ 28,000 11 At Quarter end a physical count ($value) of the WIP inventory (unadjusted balance) is determined to be $ 15,600.00 12 At year end the physical count (# of units) for Finished Goods was 36 units 13 The corporate income tax rate is 22% 14 Over under applied Manufacturing Overhead is allocated to inventory - WIP 15 At quarter end the directors declarded dividends payable April 30th, 2020 to shareholders of record April 15th, 2020 of; $ 12,000.00 16 A physical count ($value) of Supplies showed a balance of operating expenses); $ 9,500.00 17 At the end of March the company took delivery and ownership of a manuafacturing piece of equipment that is due to be paid in 90 days from delivery $47,000 18 The unearned revenue December yearend balance related to some design services completed in the first quarter and as such the liability balnce should be zero and recorded as Canoe Revenue. March 31, 2020 December 31, 2019 March 31, 2020 March 29, 2020 excludes GST Cash Accounts Receivable Supplies Inventory - Raw materials Inventory - WIP Inventory - Finished goods Equipment Accum deprec-equip Accounts Payable Dividends payable GST Payable Income tax Payable Bank Loan - demand Unearned Revenue Shareholder Loan Common Shares Retained Earnings Dividends declared at Year end Canoe Revenue Cost of goods manufactured Depreciation Interest and bank fees Rent Direct labour salaries Indirect labour Insurance Indirect materials Direct materials G&A Expenses MOH Clearing acct Income tax expense 31-Dec-19 37,589.00 80,800.00 15,800.00 13,000.00 39,000.00 41,600.00 1,670,200.00 (555,000.00) (29,300.00) (6,000.00) (2,425.00) (28,400.00) (116,000.00) (14,500.00) (500,000.00) (200,000.00) (216,750.00) 24,000.00 (1,668,800.00) 1,138,386.00 22,000.00 4,000.00 36,000.00 19,800.00 98,000.00 97,000.00 Net Income (253,614.00) GST 150.00 47.25 CK No. Date Payee 58 2019-12-23 Landlord rental 59 2019-12-23 Supply Warehouse 60 2019-12-23 COOP Insurance 61 2019-12-30 ENMAX 62 2019-12-23 Apex materials Coding Rent (cheque cleared December 24, 2019) Supplies (cheque cleared in 2020) Insurance (cheque cleared in 2020) Utilities - MOH (cheque cleared in 2020) Inventory- Raw Materials (cheque cleared in 2020) Amount 3,150.00 992.25 4,800.00 480.90 1,575.00 Net 3,000.00 945.00 4,800.00 458.00 1,500.00 22.90 75.00 63 2020-01-15 Standard General 64 2020-01-15 Wood King 65 2020-01-15 Staff labour 66 2020-01-31 Support Staff 67 2020-01-31 Staff labour 68 2020-01-31 Wood King 69 2020-01-31 Support Staff 70 2020-01-31 ENMAX 71 2020-03-11 CRA 72 2020-03-11 CRA 73 2020-02-15 Apex materials 74 2020-02-15 Landlord rental 75 2020-02-15 Staff labour 76 2020-02-26 Marketing Staff 77 2020-02-26 Web Services 78 2020-02-28 Staff labour 79 2020-02-28 Apex materials 80 2020-02-28 Support Staff 81 2020-02-28 Support Staff 82 2020-02-28 ENMAX 83 2020-03-14 Staff labour 84 2020-03-30 Marketing Staff 85 2020-03-30 Wood King 86 2020-03-30 Staff labour 87 2020-03-30 Support Staff 88 2020-03-30 Support Staff 89 2020-03-30 ENMAX 90 2020-03-30 Dividend payment 91 2020-03-30 Staples 92 2020-03-30 Variuos 93 2020-04-04 Landlord rental 94 2020-04-04 Landlord rental 95 2020-04-04 Web Services Indirect materials - Accounts Payable December 2019 Inventory- Raw Materials Labour - Direct labour Labour - Indirect Labour Labour - Direct labour Inventory - Raw Materials Operating expenses - Administration Utilities - MOH Clearing GST - December last year Income tax - December last year Inventory- Raw Materials Rent January and February Labour - Direct labour Selling cost Selling cost Labour - Direct labour Inventory - Raw Materials Labour - Indirect labour Operating expenses - Administration Utilities - MOH Clearing Labour - Direct labour Selling cost Inventory- Raw Materials Labour - Direct labour Labour - Indirect labour Operating expenses - Administration Utilities - MOH Clearing Dividend Supplies Accounts Payable Rent March Rent April Selling costs - March expenses 15,300.00 26,250.00 18,000.00 8,925.00 18,000.00 42,000.00 15,750.00 7,875.00 2,425.00 28,400.00 1,050.00 6,720.00 18,000.00 15,750.00 12,600.00 18,000.00 1,575.00 13,125.00 15,750.00 6,300.00 18,000.00 26,250.00 10,500.00 6,000.00 7,350.00 21,000.00 8,925.00 6,000.00 4,725.00 12,000.00 3,360.00 3,360.00 2,100.00 15,300.00 1,250.00 25,000.00 18,000.00 425.00 8,500.00 18,000.00 2,000.00 40,000.00 750.00 15,000.00 375.00 7,500.00 2,425.00 28,400.00 50.00 1,000.00 320.00 6,400.00 18,000.00 750.00 15,000.00 600.00 12,000.00 18,000.00 75.00 1,500.00 625.00 12,500.00 750.00 15,000.00 300.00 6,000.00 18,000.00 1,250.00 25,000.00 500.00 10,000.00 6,000.00 350.00 7,000.00 1,000.00 20,000.00 425.00 8,500.00 6,000.00 225.00 4,500.00 12,000.00 160.00 3,200.00 160.00 3,200.00 100.00 2,000.00 Accounting Project T-Accounts (General Ledger) December 31, 2019 prior to closing Cash Accts Rec 37,589.00 80,800.00 Inventory - Finished Goods 41,600.00 Supplies 15,800.00 Equipment 1,670,200.00 Inventory- Raw Materials 13,000.00 Accum. Deprec 555,000.00 GST Payable 2,425.00 Inventory - WIP 39,000.00 Accts Payable Canoe revenue Insurance 19,800.00 29,300.00 1,668,800.00 Dividens Payable COGS 1,138,386.00 Operating expenses 98,000.00 6,000.00 Income tax payable Depreciation 22,000.00 MOH Clearning 28,400.00 Bank Loan-Demand Rent expense 36,000.00 Income Tax expense 97,000.00 116,000.00 Unearned revenue Indirect labour 14,500.00 Interest expense 4,000.00 Shareholder loan Direct Labour salaries Selling expenses 500,000.00 Common shares 200,000.00 Retained earnings 216,750.00 Income Summary Dividends declared 24,000.00 4,000 Manufacturing Overhead Inventory - RM 4,000 500 Operating expense Inventory- RM 500 Manufacturing Overhead Depreciation expense Accumulated depreciation 30,000 5,000 35,000 81,000 Inventory - WIP Applied Manufacturing Overhead 81,000 96,000 Inventory - WIP Labour expense 96,000 28,000 Manufacturing Overhead Indirect Labour 28,000 Inventory - WIP Manufacturing 3,000 3,000 284,400 Inventory - FG Inventory - WIP 284,400 267,750 Cost of Goods Sold Inventory - FG 267,750 40,767 Income Tax expense Income tax payable 40,767 Dividends declared Dividends payable Record Transactions Cheque Register 15,000 15,000 Bank Reconciliation Additic