1. The following data was taken from the general ledger and other records of Marwick Manufacturing Co. at January31, the end of the first month of operations in the current fiscal year, 2020:

Sales	$650,000
Inventories at January 31:
Materials inventory	20,000
Work in process inventory	32,000
Finished goods inventory	54,000
Inventories at January 1:
Materials	25,000
Work in process	29,000
Finished goods	48,000
Materials purchased	154,000
Labor Costs:
Assembly workers wages	185,000
Supervisors salaries	30,000
Sales personnel salaries	52,000
Depreciation:
Factory building	73,000
Sales office	28,000
Indirect materials used	3,000
Factory utilities	67,000

a.	Prepare a statement of cost of goods manufactured. Use the table provided.
b.	Determine the cost of goods sold for the month. Use the table provided.

Marwick Manufacturing Co. Statement of Cost of Goods Manufactured For the Month Ended January 31, 2020
Direct Materials:
Inventory, January 1
Purchases
Total cost of available materials
Less inventory, July 31
Cost of materials used
Less indirect materials used
Cost of direct materials used in production
Direct labor
Factory overhead:
Indirect materials
Indirect labor (Supervisors)
Depreciation
Utilities
Total factory overhead
Total manufacturing cost
Add work in process inventory, January 1
Total
Less work in process inventory, January 31
Cost of goods manufactured during the month

(b)

Finished goods inventory, January 1
Add cost of goods manufactured during July
Goods available for sale
Less finished goods inventory, January 31
Cost of goods sold