Short Answer Question 1- Cost of Goods Manufactured and Sold (10 marks) Answer the questions in the space below where Required Depreciation of manufacturing equipment 500

Direct manufacturing labour. 1600 Salespersons' company vehicle costs.3500 Marketing distribution costs. 5500 Property taxes on manufacturing plant building 500

Indirect materials used 500 Work-in-process inventory (ending). 15000 General office expenses. 6500 Direct materials used. 11400 Finished goods inventory (beginning)15400

Miscellaneous plant overhead 500 Plant utilities. 500 Work-in-process inventory (beginning) 15600

Indirect manufacturing labour. 500 Depreciation of office equipment 1500 Finished goods inventory (ending). 6000 Required: Prepare a Cost of Goods Manufactured and Sold Statement for the period.(10 marks)