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The following data (in thousands of dollars) have been taken from the accounting records of MacKenzie Capital Corporation for the year ended December 31, 2019:
The following data (in thousands of dollars) have been taken from the accounting records of MacKenzie Capital Corporation for the year ended December 31, 2019: 1,000 250 150 140 130 125 95 85 Sales Direct Labour Finished goods inventory - beginning Finished goods inventory - ending Selling expenses Raw material purchases Indirect labour Administrative expenses Raw materials inventory - ending Work in process inventory - beginning Rent- factory Insurance - factory Work in process inventory - ending Indirect materials Maintenance - factory Raw materials inventory - beginning Rent - administration Depreciation - sales vehicles 80 50 45 35 30 20 20 20 15 10 Required: (a.) Prepare a schedule of cost of goods manufactured in good form. (b.) Prepare an income statement in good form
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