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Required: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect. 2. Prepare a schedule of cost of goods manufactured for
Required: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assumet following manufacturing costs. Work in process inventory, beginning $0 Work in process inventory, ending $ 530 Pinished goods inventory, beginning $0 Finished goods inventory, ending $ 370 Direct materials used $ 2,700 Direct labor $ 900 Factory overhead $ 510 nt 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial Income statement for Business Solutions for month ended January 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Classify the following manufacturing costs of Business Solutions as either direct or indirect. Product Costs Cost by Traceability 1. Monthly fou to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of donk assembler 6. Electricity for workshop 7 Depreciation on manufacturing tools 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs Work in process Inventory, beginning: $0 Work in process inventory, ending: $530 Finished goods inventory, beginning: $0 Finished goods inventory, ending: $370 Direct materials used : $2,700 Direct labor: $900 Factory overhead: $510 Show less BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 Total manufacturing costs 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2022 Cost of goods sold Goods available for sale Cost of goods sold Required 2
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