Required:

From the account balances listed below, prepare a schedule of cost of goods manufactured for Best Manufacturing Ltd for the month ended 31 December 2019.

Item	Account Balances
Finished Goods Inventory, 31 December	$52,000
Factory Supervisory Salaries	11000
Income Tax Expense	17,000
Raw Materials Inventory, 1 December	15,000
Work In Process Inventory, 31 December	35,000
Sales Salaries Expense	14,000
Factory Depreciation Expense	5,000
Finished Goods Inventory, 1 December	35,000
Raw Materials Purchases	60,000
Work In Process Inventory, 1 December	40,000
Factory Electricity and Power Expense	4,000
Direct Labour	70,000
Raw Materials Inventory, 31 December	19,000
Sales Returns and Allowances	5,000
Indirect Labour	21,000

[Answer here]

BEST MANUFACTURING LTD

Cost of Goods Manufactured Schedule

for the month ended 31 December 2019

[Show workings here]