Nasty Pants Inc. manufacturing has provided the following information to you for the year just completed. Direct labour 32,000

Manufacturing Overhead 4,000

Ending of finished goods inventory 45,000

opening finished goods inventory 51,000

ending work in process inventory 18,000

direct materials used in production 89,000

sales commissions 12,000 Required:

1. In the space below, prepare a Cost of Good Manufactured Schedule.
2. In the space below, prepare a Cost of Goods Sold schedule.