Question 1.1 (Total: 18 marks)

The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.

Beginning of 2018 Ending of 2018

Direct materials inventory 135,000 83,000

Work-in-process inventory 185,000 154,000

Finished-goods inventory 255,000 216,000

Purchases of direct materials 270,000

Direct manufacturing labor 225,000

Indirect manufacturing labor 103,000

Plant insurance 11,000

Depreciation-plant, building, and equipment 48,000

Plant utilities 29,500

Repairs and maintenance-plant 13,500

Equipment leasing costs 66,800

Marketing, distribution, and customer-service costs 129,500

General and administrative costs 72,500

Required:

1. Prepare a schedule of cost of goods manufactured.