Managerial Accounting Q3

03 - 10 marks - Schedule of Cost of Goods Manufactured Vemon Bakery shows the following data related to its August 31, 2017 fiscal year: Current asset Raw materials inventory, September 1, 2016 Raw materials inventory, August 31, 2017 Work in process inventory, September 1, 2016 Work in process inventory, August 31, 2017 Finished goods inventory, September 1, 2016 Finished goods inventory, August 31, 2017 Rent on the commercial kitchen Depreciation of delivery vehicle Salary paid to head baker Purchases of raw materials Delivery costs Utilities expense - office Depreciation - kitchen cquipment Dividends paid to shareholders Utilities expense - kitchen Marketing Wages paid to kitchen cleaning staff Wages paid to assistant bakers $2,400 1,600 200 150 1,000 900 12,000 1.500 42.000 58,000 2,500 600 2.000 10.000 1,200 3,000 16,000 65,000 Selling & admin expense Operating expense - OH Operating expense Required: Based on the information above, prepare a schedule of cost of goods manufactured ONLY