New Vinyl is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below.

Beginning raw materials inventory	$	0
Purchases of raw materials		53,500
Ending raw materials inventory		26,750
Direct labour		43,150
Manufacturing overhead		32,450
Beginning work in process inventory		0
Ending work in process inventory		5,700
Purchase of production equipment		135,000
Rent for production facility		10,050

1. Prepare a schedule of cost of goods manufactured for the company for the month. (Do not leave any empty spaces; input a 0 wherever it is required.)

2. What types of expenses are likely included in the total manufacturing overhead cost of $32,450 incurred for the first three months of operation?

Check all that apply

• Selling expense
• Administrative expense
• Ending work in process inventory
• Rent for the production facility
• Depreciation on the production equipment
• Insurance on the production equipment
• Indirect materials used in producing records
• Indirect labour related to the CEO's supervision of the production process (20% of her time).
• Indirect labour related to production facility repair, maintenance, and security.