Q. (5)

5) pa ng underlying the name of the W e ve me Beta company had the following inventory balances at the beginning and end of 20x1 Inventory classification January 1, 20x1 December 31, 2001 Raw Materials 54.500 65.700 Work in proces 36.900 105.000 Finished goods E 102.000 E 124.000 During 20x1, the company purchased 235.000 of raw material and spent 198.000 for direct labor. Sales revenue was 1.275.000 for the year. Selling and administrative expenses for the year amounted to 267.000. 1 rate is 28% Manufacturing overhead costs were as follow: Indirect Material 14.500: Indirect Labor 27.000: Depreciation on pl equipment 195.000; Utilities 42.000; Other 24.500 a) Prepare a schedule of cost of goods manufactured b) Prepare a schedule of cost of goods sold c) Prepare an income statement A h a Galinwine dats have been compiled for Beta's Painting Department for the month of June. Conversion actis