Question
Q1 (20 MINUTES, 11 MARKS) Tucker Company, a manufacturing firm, has supplied the following information from its accounting records for the month of April.
Q1 (20 MINUTES, 11 MARKS) Tucker Company, a manufacturing firm, has supplied the following information from its accounting records for the month of April. Direct labour cost $12,000 Purchases of raw materials 17,000 Factory insurance 4,000 Research and development 7,500 Factory property taxes 3,000 Sales commissions paid 4,500 Work in process, April 1 2,000 Work in process, April 30 Materials inventory, April 1 2,800 1,475 Materials Inventory, April 30 1,200 Finished goods inventory, April 1 2,250 Finished goods inventory, April 30 750 Required: Prepare a statement of cost of goods manufactured
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