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Olympians Inc. manufactures and sells a unique product. The following data are extracted from the accounting records at December 31,2017 : 1. Supplics: 535,000 applies
Olympians Inc. manufactures and sells a unique product. The following data are extracted from the accounting records at December 31,2017 : 1. Supplics: 535,000 applies sappes a 335,000 applies to factory operations. The remaining balance applies to sales and administration. 2. Rent: 60% apply to factory operations and the rest applies to administration buildings 3. Depreciation-equipment: calculated as equal to $1.25 per unit produced. 4. Deprecation-factory exceeds depreciation equipment by 56,100 . 5. All the units produced during the year 2017 were sold. 6. Sale price per unit was $30 during the year 2017. 1. Prepare the schedule of Cost of Goods Manufactured at December 31, 2017
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