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The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory,
The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales $ 373,500 43,600 72,500 190,500 20,900 246, 300 123,600 287,200 2,016,000 112,500 4,090 Utilities, factory Supplies, factory Selling expenses 328,100 Indirect labour 266,300 Work in process inventory, beginning 28,450 Work in process inventory, ending 121,800 Finished goods inventory, beginning Finished goods inventory, ending 41,350 165,400 Required: 1. Prepare a schedule of cost of goods manufactured
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