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The following information is taken from the records of Britton Company for March: Purchases Direct materials $9,000,000 Indirect materials 200.000 Office supplies 420,000 Sales 36,000,000
The following information is taken from the records of Britton Company for March: Purchases Direct materials $9,000,000 Indirect materials 200.000 Office supplies 420,000 Sales 36,000,000 Salaries and Benefits Selling and administrative 4,000,000 Direct manufacturing labour 6,000,000 Rent 4,000,000 Utilities 1,200,000 Advertising 700.000 Inventories March 1 March 31 Direct materials $4,400,000 $1,600,000 Indirect materials 500,000 600,000 Office supplies 150,000 180,000 Finished goods 24,000,000 16,000,000 of these costs, 60 percent are assigned to manufacturing and 40 percent to selling and administratio Required Prepare a schedule of cost of goods manufactured and Sold. es
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