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Jacky Limited, a manufacturer of DVDs, provided the following information for the year ended 31 December 2020: Balances: Beginning Ending Direct materials $130,000 $50,000 Work-in-process

Jacky Limited, a manufacturer of DVDs, provided the following information for the year ended 31 December 2020:

Balances:

Beginning

Ending

Direct materials

$130,000

$50,000

Work-in-process inventory

$220,000

$130,000

Finished goods inventory

$90,000

$108,000

Other information:

Depreciation on plant and equipment

$36,000

Direct materials purchases

$320,000

Insurance on plant

$54,000

Repair and maintenance plant

$24,000

Indirect labor

$74,000

Direct labor

$254,000

Required:

Prepare a schedule of cost of goods manufactured for Jacky Limited for the year ended 31 December 2020 using the above information.

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