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Question 1 - Chapter 3 Homew X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Q Update : Chapter 3 Homework - Cost Saved Help Save & Exit Submit Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement 6 points Prepare a schedule of cost of goods manufactured for the current year for Babor Company. Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Book Direct materials Beginning materials inventory $ 23,000 References Materials purchases 165,000 Materials available 188,000 Less: Ending materials inventory 55,000 Direct materials used $ 33,000 Factory overhead Direct labor-wages $ 114,000 Indirect labor-wages 45,000 Factory insurance 8,000 Depreciation expense-plant 83,000 Repairs and maintenance 11,000 Total factory overhead 211,000 Total manufacturing costs 344,000 Total manufacturing costs to account for 3,000 Less: Ending work-in-process inventory 16,000) Cost of goods manufactured $ 341,000 Mc Graw Question 1 - Chapter 3 Homew X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Q Update : Chapter 3 Homework - Cost i Saved Help Save & Exit Submit The following data pertain to Babor Company for the fiscal year ended December 31: Prior Current December 31 December 31 Purchases of materials $ 165,000 Direct labor 114, 000 6 Indirect labor 45,000 points Factory insurance 8,000 Depreciation-factory 33,000 Repairs and maintenance-factory 11,000 Marketing expenses 144, 000 General and administrative expenses 86,000 Materials inventory $ 23,000 55, 000 Book Work-in-Process inventory 13,000 16,000 Finished Goods inventory 17,000 24,000 References Sales in the current year were $625,000. Required: Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company. Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement Prepare a schedule of cost of goods manufactured for the current year for Babor Company. Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Beginning materials inventory $ 23,000 Materials purchase 165,000 Mc Graw