PART 1 The following data in thousands of dollars have been taken from the accounting records of Cat Corporation for the year ended March 31, 2021 $1,650 Purchases of raw materials $475 Direct labour $250 Glue $20 Wages of factory security guard S40 Depreciation of equipment used in production $50 Administrative expenses Marketing campaign for at dishes $100 Sales commissions for sales team $75 Shipping expense for finished goods $30 Raw materials inventory beginning Raw materials inventory ending $130 Work in process inventory beginning $70 Work in process inventory, ending 560 Finished foods inventory beginning Finished goods inventory, ending SRO 15140 $150 ta. Prepare a formal schedule of cost of goods manufactured in good form b) Compute the cost of goods sold. 1. Using data from your answers above as needed, prepare a traditional income statement in good form. PART 2 Select a real-world manufacturing company. Identify one example for each of the following types of costs for this company 1) Direct material 2) Indirect material 3) Direct labour 4) Indirect labour S) Manufacturing overhead 6) Period 77 Variable 8] Fired 9 Differential 10) Opportunity 11) Sunk 12) Inventoriable product in your assignment submission, you must state which manufacturing company you chose and what product for products, they are manufacturing. For each example provided you must briefly explain why you believe it represents that he of cost PART 1 The following data in thousands of dollars have been taken from the accounting records of Cat Corporation for the year ended March 31, 2021 $1,650 Purchases of raw materials $475 Direct labour $250 Glue $20 Wages of factory security guard S40 Depreciation of equipment used in production $50 Administrative expenses Marketing campaign for at dishes $100 Sales commissions for sales team $75 Shipping expense for finished goods $30 Raw materials inventory beginning Raw materials inventory ending $130 Work in process inventory beginning $70 Work in process inventory, ending 560 Finished foods inventory beginning Finished goods inventory, ending SRO 15140 $150 ta. Prepare a formal schedule of cost of goods manufactured in good form b) Compute the cost of goods sold. 1. Using data from your answers above as needed, prepare a traditional income statement in good form. PART 2 Select a real-world manufacturing company. Identify one example for each of the following types of costs for this company 1) Direct material 2) Indirect material 3) Direct labour 4) Indirect labour S) Manufacturing overhead 6) Period 77 Variable 8] Fired 9 Differential 10) Opportunity 11) Sunk 12) Inventoriable product in your assignment submission, you must state which manufacturing company you chose and what product for products, they are manufacturing. For each example provided you must briefly explain why you believe it represents that he of cost
