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The following data pertain to Babor Company for the fiscal year ended December 31: Prior December 31 Current December 31 Purchases of materials $ 202,500
The following data pertain to Babor Company for the fiscal year ended December 31:
Prior December 31 | Current December 31 | |
---|---|---|
Purchases of materials | $ 202,500 | |
Direct labor | 132,750 | |
Indirect labor | 52,500 | |
Factory insurance | 9,500 | |
Depreciationfactory | 36,750 | |
Repairs and maintenancefactory | 15,500 | |
Marketing expenses | 149,250 | |
General and administrative expenses | 88,250 | |
Materials inventory | $ 30,500 | 66,250 |
Work-in-Process inventory | 16,750 | 19,000 |
Finished Goods inventory | 18,500 | 24,400 |
Sales in the current year were $676,000.
Required:
Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company.
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