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The accounting records of DALLAS Corporation for the year just completed: Sales $99,000 Purchases of raw materials $10,000 Direct labour $24,000 Indirect labour $10,000 Indirect
The accounting records of DALLAS Corporation for the year just completed: Sales $99,000 Purchases of raw materials $10,000 Direct labour $24,000 Indirect labour $10,000 Indirect material $1,000 Other Factory Overhead $10,000 $10,000 $14,000 $2,000 Administrative expenses Selling expenses Raw materials inventory, beginning Raw materials inventory, ending" Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $8,000 $5,000 $3,000 $16,000 $15,000 *Raw Materials Inventory consist of both direct and indirect materials. *Raw Materials Inventory consist of both direct and indirect materials. Required: (a.) Prepare a schedule of cost of goods manufactured in good form. (b.) Compute the cost of goods sold. (c.) Using data from your answers above as needed, prepare an income statement in good form
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