Schedule of Cost of Goods Manufactured and Sold

The following amounts are available for the year for Bishop Manufacturing Company:

Administrative salaries $($non$-$factory$)$ $$42,500$

Administrative rent $($non$-$factory$)23,500$

Advertising and promotion expense $46,500$

Depreciation$-$administrative $38,500$

Depreciation$-$factory $47,500$

Depreciation$-$selling $18,000$

Direct labor $162,500$

Factory rent $34,000$

Factory supplies used $11,500$

Finished goods inventory $($January $1)30,500$

Finished goods inventory $($December $31)31,500$

Indirect material used $13,500$

Indirect labor $22,000$

Materials inventory $($January $1)11,000$

Materials inventory $($December $31)15,000$

Net delivered cost of materials purchased $105,000$

Other factory overhead $27,500$

Sales $469,000$

Sales salaries expense $35,500$

Work in process inventory $($January $1)16,500$

Work in process inventory$($December $31)14,500$

Using the above data, prepare a schedule of cost of goods manufactured and sold.

Do not use negative signs with any of your answers.Do not use negative signs with any of your answers.

Bishop Manufacturing Company

Schedule of Cost of Goods Manufactured and Sold

For the Year Ended December $31$

Please answer all parts of the question.