The following calendar year-end information is taken from the December 31, 20xx, adjusted trial balance and the records of Front Range Furniture.

MANAGERIAL ACCOUNTING PROJECT

Advertising Expense	$ 22,250	Direct Labor	$ 564,500
Depreciation expense Office Equip.	10,440	Income taxes expense	138,700
Depreciation expense Selling Equip.	12,125	Indirect labor	61,000
Depreciation expense Factory Equip.	37,400	Misc. Production costs	10,440
Factory supervision	123,400	Office salaries expense	72,875
Factory supplies used (indirect materials)	8,060	Raw materials purchased	896,375
Factory utilities	39,500	Rent expense office space	25,625
Inventories:		Rent expense selling space	29,000
Raw Materials, Dec 31, 20-x	42,375	Rent expense factory building	95,500
Raw Materials, Dec 31, 20xx	72,430	Maintenance expense - factory	32,375
Goods-in-Process, Dec 31, 20-x	14,500	Sales	5,002,000
Goods-in-Process, Dec 31, 20xx	16,100	Sales Discounts	59,375
Finished Goods, Dec 31, 20-x	179,200	Sales salaries expense	297,300
Finished Goods, Dec 31, 20xx	143,750

1. Please use the T-accounts provided in your working papers to demonstrate your understanding of cost flows.

2. 	RAW MATERIALS			GOODS-IN-PROCESS			FINISHED GOODS
   			DM			COGM
   			DL
   			FOH
   List actual costs	FACTORY OVERHEAD			FACTORY PAYROLL			COST OF GOODS SOLD
   Indirect Labor
   Dep. Exp Factory						DL
   Factory superv.		-	FOH			IL
   Factory supplies
   Factory utilities
   Misc. Prod. Costs
   Factory Rent
   Factory Maint.