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Marks) The following data refer to Maximus Manufacturing Lid for the current year. Raw material inventory, 1 January Raw material inventory, 31 December 123,000 Work

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Marks) The following data refer to Maximus Manufacturing Lid for the current year. Raw material inventory, 1 January Raw material inventory, 31 December 123,000 Work in process inventory, 1 January 53, 100 Work in process inventory, 31 December 1,800 Finished goods inventory, 1 January 29,400 Finished goods inventory, 31 December 19,800 31,200 Additional information; Purchases of raw material $ 477,600 Direct labour cost incurred 261,600 Other manufacturing costs; 37,200 Indirect material 92,400 Indirect labour 73,800 Depreciation on factory building 52,200 58,200 Depreciation on factory equipment 56,400 Electricity for factory 23,400 Council rates Insurance Required: 1. Schedule of cost of goods manufactured for Maximus Manufacturing Ltd. (3.5 Marks) 2. Schedule of cost of goods sold for Maximus Manufacturing Ltd. (2.5 Marks) itv

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