Question $8$

$\frac{0}{1\mathrm{.}5}$ pts

Pan Demic, Inc. $($PDI$)$ manufactures and sells cast iron skillets. A finished skillet sells for $$40$ and costs $$15$ to manufacture. PDI uses one raw material, iron ore, which is buys for $$\frac{8}{?}$ pound. Skillet Forgers heat the iron ore and form it into skillets. Forgers are paid $$\frac{55}{?}$ hour.

This is PDI's second period of operations. You'll need to use information from Period $1$ above to complete the charts for Period $2.$

During the period, PDI purchased $800$ pounds of Iron Ore. At the end of the period, they transferred $1,000$ pounds of Iron Ore to WIP. They used $150$ hours of direct labor and incurred $$12,400$ of Factory Overhead.

PDI ended the period with $$4,850$ in WIP and $210$ skillets in Finished Goods.

Prepare the Schedule of Cost of Goods Sold for PDI.

Do not use dollar signs. Use whole numbers only $($no decimal places$)$

PDI Schedule of Cost of Goods Sold

$\backslash$table$[[$Account$,$Dollar Amount$],[$Finished Goods Beginning Inventory,$3,150],[$Cost of Goods Manufactured,$],[$Cost of Goods Available for Sale,$],[$Finished Goods Ending Inventory,$],[$Cost of Goods Sold,$]]$