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The following data has been taken from the accounting records of ACME inc. for the month just ended: Other information: - Sales $95,000 - Sales

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The following data has been taken from the accounting records of ACME inc. for the month just ended: Other information: - Sales $95,000 - Sales salaries $13,500 - Supervisor salaries, factory $12,000 - Purchases of raw materials $6,800 - Direct labour $14,000 - Depreciation, factory equipment $6,000 - Office expenses $11,000 Required: 1. Prepare the Schedule of Cost of Goods Manufactured, in good form. (9 marks) 2. Calculate the Cost of Goods Sold

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