Problem Set A p. 59

P2-1A. Schedule of Cost of Goods Manufactured and Sold The Following amounts are available for 2019 for Bourne Manufacturing Company:

Administrative salaries (non-factory)$70,000

Administrative rent (non-factory).35,000

Advertising and promotion expense..41,000

Depreciation-administrative22,000

Depreciation-factory..30,000

Depreciation-selling17,000

Direct labor..175,000

Factory rent18,000

Factory supplies used.12,000

Finished goods inventory (January 1).57,000

Finished goods Inventory (December 31)..50,000

Indirect materials used14,000

Indirect labor19,000

Materials inventory (January 1).15,000

Materials inventory (December 31)..20,000

Net delivered cost of materials purchased.138,000

Other factory overhead26,000

Sales845,000

Sales Salaries expense72,000

Work-in-process inventory (January 1)18,000

Work-in-process inventory (December 31)20,000

Required

Using the above data, prepare a schedule of cost of goods manufactured and sold.