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Problem 1 (15 points) You are given the following information. All values are in CAD. RM, Jan 1 70,000 RM. Dec 31 40.000 Selling expenses
Problem 1 (15 points) You are given the following information. All values are in CAD. RM, Jan 1 70,000 RM. Dec 31 40.000 Selling expenses 110,000 Factory supplies 10,000 Factory insurance 30,000 Maintenance. factory 70.000 Administrative expenses 220,000 Sales 1,950,000 Direct Labor 120.000 Factory depreciation 140,000 Indirect labor 327,000 Purchases of RM 630.000 WIP, Jan 1 150,000 WIP, Dec 31 110,000 FG, Jan 1 300,000 FG. Dec 31 240.000 Required: 1. Prepare a cost sheet for the month ending December 2019. 2. Provide calculations and analysis
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