op Iurome-( Residunl Income AQ XAP Excercise 3-11 page Exc 85 PROBLEMS Aatameck plovided Ex 4-16 19 122 Tloditenal POI PART 1. The following inventory and cost data for the just completed year are taken from the accounting records of Sankar Company: (8 marks) Aug en Ase Inventories Increase in raw materials Increase in work in process Decrease in finished goods Costs incurred Advertising expense Direct labour cost Purchases of raw materials Rent, factory building Indirect factory labour Sales commissions Utilities, factory Maintenance, factory equipment Supplies, fnctory Depreciation, office equipment Depreciation, factory equipment $4,000 30,000 90,000 rder Pesidal Jueme ITL nts ? 1007 Sevin MP6 rust $200,000 180,000 264,000 60,000 112,600 70,000 18,000 48,000 1,400 16,000 80,000 SMes 1020 000 - ve 418000 36 607 29 612000 60 f07. DL ECM 3 60,000 HOWA makrial 6 - FC Com (0 Of INC 48 000 Required: (a.) Calculate the cost of goods manufactured. (b.) Calculate the cost of goods sold 3242 2SHOW DUR UOLK fOr FUL MARKS ire (a) ch 4. WoP IncamE per SALES 250000 -VC (I 50,000 * CM 10, 00)' .FL 000 OPINC 20,000 315,000 315,000 630,000 2,00 b0,0000 Seda 3 0,000 $18 80