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Lachlan Ltd, manufactures tables and chairs. Both products are manufactured in the same factory, with many common costs. Each product is treated as a separate

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Lachlan Ltd, manufactures tables and chairs. Both products are manufactured in the same factory, with many common costs. Each product is treated as a separate division. Its design for both products is purposely simplistic: two-by-fours are glued together to form the tabletop/seat and two-by-fours are nailed onto the tabletop/seat to serve as legs. The products have been described as "wobbly", which adds to the charm of the product, according to the salespeople. Lachlan Ltd. uses a job-costing system that has two direct-cost categories, (direct material and direct labour), and one indirect cost pool, (manufacturing overhead), which is allocated using direct labour costs. The following information is given for the chair division: a) Account balances as of August 31, 2019: i. Direct Materials: $700,000 ii. Work In Process: 200,000 iii. Finished Goods: 20,000 iv. Wages Payable: 21,000 b) Account balances as of September 30, 2019: . Direct Materials: $100,000 ii. Work In Process: 90,000 iii. Finished Goods: 15,000 iv. Wages Payable: 21,000 c) Direct Materials purchases in September equaled $50,000. MOH is allocated using a budgeted rate set at the start of the year, based on estimates. For 2019, management estimated direct labour costs of $50,000, and total MOH would be $750,000. The only unfinished job at the end of September is Job 57, on which direct labour costs are $600 which rose due to 25 hours of direct labour. Direct material costs on Job 57 are $15,000. All plant workers earn the same wage rate. Direct Labour hours for September total 750. Other labour and supervision labour total $70,250. Selling and admin labour costs equaled $58,875. g) Indirect materials equaled $15,750, depreciation on plant and equipment equaled $25,000 and plant utilities equaled $139,000. Selling and admin supplies equaled $37,564, depreciation on office equipment equaled $17,875, and office utilities equaled $1,846. h) Any over or under applied MOH is closed to the Cost of Goods Sold account. Required: Prepare a schedule of the adjusted cost of goods sold for September in good form

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