Part$$ Two:

Requirement $1.$ Calculate the Cost of Goods Manufactured for Floral Town Manufacturing for the year ended December$31,2023.$

Begin by calculating the direct materials used during the year.

Floral Town Manufacturing

Calculation of Direct Materials Used

For the Year Ended December $31,2023$

Beginning raw materials inventory

$$11,000$

Plus:

Purchases of direct materials

$33,000$

Materials available for use

$44,000$

Less:

Ending raw materials inventory

$7,500$

Direct materials used

$$36,500$

Part $4$

Calculate the Cost of Goods Manufactured for Floral Town Manufacturing for the year ended December$31,2023.($For accounts with a$$ $$0$ balance, make sure to enter$"0"$ in the appropriate$$ cell.$)$

Floral Town Manufacturing

Calculation of Cost of Goods Manufactured

For the Year Ended December $31,2023$

Plus:

Less: