P18-42

Daniels Consulting is going to manufacture billing software. During its first month of manufacturing, Daniels incurred the following manufacturing costs:

Inventories Beginning Ending

Raw material. $10,800 $9,600

Work in process. 0 23,000

Finished goods. 0. 29,000

Other information:

Raw materials purchases. $18,000

Plant janitorial services. 200

Sales salaries expense. 7000

Delivery expense. 1,100

Sales revenue. 1,075,000

Utilities for plant. 11,000

Rent on plant. 12,000

Customer service hotline cost. 12,000

Direct labor. 200,000

Prepare a schedule of cost of goods manufactured for Daniels for the month ended January 31, 2018.