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The following information pertains to the most recent quarter that ended on December 31, 2022, at Akon Limited. Purchases of raw materials 378,000 Raw materials

The following information pertains to the most recent quarter that ended on December 31, 2022, at Akon Limited.

Purchases of raw materials

378,000

Raw materials inventory, beginning

44,800

Raw materials inventory, ending

74,000

Depreciation, factory

198,000

Insurance, factory

21,200

Direct labour

248,400

Maintenance, factory

124,800

Administrative expenses

289,600

Sales

2,088,000

Utilities, factory

114,000

Supplies, factory

4,120

Selling expenses

330,800

Indirect labor

268,400

Work in process inventory, beginning

28,600

Work in process inventory, ending

122,400

Finished goods inventory, beginning

41,800

Finished goods inventory, ending

167,200

Requirement 1:

Prepare a schedule of the cost of goods manufactured for the quarter that ended Dec 31, 2022.

Requirement 2:

Prepare an income statement for the quarter that ended Dec 31, 2022.

Note: Please post the answer in excel format.

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