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QUESTION 1 Green Products, a small manufacturer, has submitted a list of items below to you conceming last year's operations that ended December 31, 2019.
QUESTION 1 Green Products, a small manufacturer, has submitted a list of items below to you conceming last year's operations that ended December 31, 2019. The president's secretary, trying to be helpful, has alphabetized the list. Green Products has asked you as a consultant to perform the requirements that follow the list of items. (20 points) Administrative salaries Advertising expense Depreciation factory building Depreciation - factory equipment Depreciation office equipment Cost of packaging product Direct labour cost Raw materials inventory, beginning Raw materials inventory, ending Finished goods inventory, beginning Finished goods inventory, ending General liability insurance expense Indirect labour cost Insurance on factory Purchases on raw materials Purchase of office furniture Repairs and maintenance of factory Sales salaries Taxes on factory Travel and entertainment expense Work-in-process inventory, beginning Work-in-process inventory, ending $2,400 $1,200 $1.000 $1,600 SINO S200 $23,900 $2,100 $3,200 $46,980 $44.410 S240 $11,800 $1,400 S14,600 S600 5900 $2,000 S450 $1.410 $1,670 S1,110 INSTRUCTIONS: 1.) Prepare a schedule of cost of goods manufactured in good form for the year. (13 points) b.) Determine the cost of goods sold for the period. Show your work. (4 points) c.) The president's assistant mentions that there will be some overtime incurring next week for a rush order. He asks you whether that will be classified as direct labour or manufacturing overhend? Briefly explain your answer. (3 points)
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