Morrow Inc. has the following information for the current year: Opening inventory (units) 600 Production (units) 7,800 Ending inventory (units) 900 Sales price (per unit) $310.00 The company's accounting records provide the following information for the year: Description Amount ($) Customer service dept. Costs 102,300 Administrative costs, head office 107,000 Maintenance manager salary (factory) 88,400 Factory insurance 34,900 Depreciation (head office) 165,100 Salary, president 160,400 Direct Labour 267,400 Depreciation (factory) 213,900 Raw material purchases 428,400 Indirect materials 88,400 Indirect labour 109,300 Factory utilities 55,800 Opening WIP Inventory 4,700 Closing WIP Inventory 9,000 Opening raw materials inventory 9,900 Closing raw materials inventory 8,200 Opening Finished Goods Inventory 16,300 Closing Finished Goods Inventory 21,900 Using the above information, develop a Schedule of Cost of Goods Manufactured, Schedule of Cost of Goods Sold, and an Income Statement. Use the information to answer the following questions. What is the total Direct Materials Used from the Schedule of Cost of Goods Manufactured? What is the total Direct Labour from the Schedule of Cost of Goods Manufactured? What is the total Manufacturing Overhead costs from the Schedule of Cost of Goods Manufactured? What is the total Cost of Goods Manufactured from the Schedule of Cost of Goods Manufactured? What is the total Cost of Goods Sold from the Cost of Goods Sold Statement? What is the total Operating Income, also called Income before Income Taxes, from the Income Statement? Previous Page Next Page Page 5 of 7