Monster Sweepers Incorporate (MSI) design and manufacture masks for students. After production, the masks are placed into individual cases, before being transferred into Finished Goods. The accounting records of the business reflect the following data at June 30, 2021, for the manufacturing of masks for Skyward High School.

Inventory	1/7/2020	30/6/2021
Raw Materials	$230,000	$260,000
Factory Supplies	$35,000	$24,000
Work in Progress	$348,300	$203,300
Finished Goods	$632,900	$485,000

Other information:

Sales Revenue	$5,731,000
Factory Supplies Purchased	64,000
Direct Factory Labor	792,000
Raw Materials Purchased	560,000
Plant janitorial service	37,000
Depreciation: Plant & Equipment	186,000
Total Utilities (#1 below)	481,250
Production Supervisors Salary	450,000
Design Costs (School Logo)	26,000
Packaging Cases Cost	42,000
Total Insurance (#2 below)	168,000
Delivery Vehicle Drivers Wages	181,500
Depreciation: Delivery Vehicle	53,290
Property Taxes (#3 below)	240,000
Administrative Wages & Salaries	801,250
Advertising & Selling Expenses	1% of Sales Revenue

1. Of the total utilities, 80% relates to manufacturing and 20% relates to general and administrative costs.

2 Of the total insurance, 66% relates to the Factory Plant & Equipment & 33% relates to general & administrative costs.

3 The property taxes should be shared: 75% manufacturing & 25% general & administrative costs

Required:

a) Calculate the raw material used by Monster Sweepers Incorporate.

b) Calculate the factory supplies used by Monster Sweepers Incorporate.

c) What is the total factory overhead costs incurred by Monster Sweepers Incorporate during the period?

d) Determine the prime cost & conversion cost of the masks manufactured.

e) Prepare a schedule of cost of goods manufactured for the year ended June 30, 2021, clearly showing total manufacturing cost & total manufacturing costs to account for.

f) Prepare an income statement for personal Monster Sweepers Incorporate for the year ended June 30, 2021. List the non-manufacturing overheads in order of size starting with the largest.

g) What is the selling price per mask if Monster Sweepers Incorporate manufactured 1,850 masks for the period under review and uses a mark-up of 25% on cost?

h) How is the format of the income statement for a manufacturing concern different from the income statement of a merchandising entity?