Part 3 - Prepare a schedule of cost of goods manufactured for the month of December 2013. (Don't forget the heading)

Cost Items and Account Balances Administrative salaries $15,500 Advertising for helmets Cash, December 1 Depreciation on factory building Depreciation Insurance on factory building Miscellaneous expenses-factory Office supplies expense Professional fees Property taxes on Raw materials used 11,000 -0- 1,500 on office equipment 800 1,500 1,000 300 500 factory building 400 70,000 6,000 10,000 40,000 production equipment Research and development Sales commissions Rent on Utility costs-factory Wages-factory Work in process, December 1 Work in process, December 31 Raw materials inventory, December 1 Raw materials inventory, December 31 Raw material purchases Finished goods inventory, December 1 900 70,000 -0- -0- -0- -0- 70,000 -0- Production and Sales Data Number of helmets produced Expected sales in units for December ($40 unit sales price) Expected sales in units for January Desired ending inventory Direct materials per finished unit Direct materials cost Direct labor hours per unit Direct labor hourly rate 10,000 8,000 10,000 20% of next month's sales 1 kilogram $7 per kilogram 35 $20 Cash Flow Data Cash collections from customers: 75% in month of sale and 25% the following month Cash payments to suppliers: 75% in month of purchase and 25% the following month. Income tax rate: 45%. Cost of proposed production equipment: $720,000. Manufacturing overhead and selling and administrative costs are paid as incurred Desired ending cash balance: $30,000 Part 3 - Prepare a schedule of cost of goods manufactured for the month of December 2013. (Don't forget the heading) Work Direct materials: process inventory Materials Available for Use Total Cost Direct Materials Used Direct labor: Manufacturing overhead: Total manufacturing overhead Total manufacturing costs incurred during the period Total manufacturing costs in Work-in-process Less Cost of Goods Manufactured