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Question 16 Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,300 Direct materials used 252,100
Question 16 Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,300 Direct materials used 252,100 Work in process (1/1/2020) 31,200 Work in process (12/31/2020) 27,300 Finished goods (1/1/2020) 35,800 Finished goods (12/31/2020) 29,100 Factory utilities 41,300 Depreciation, factory equipment 35,000 Direct labour 300,900 Indirect materials 22,800 Factory manager's salary 63,900 Selling and administrative expenses 348,100 Net sales 1,235,000 Factory machinery rent 42,700 Prepare a cost of goods manufactured schedule for 2020.
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