The number of greens mowers produced by Beautiful Golf Greens Equipment Corporation the current year.					6,400
The number of greens mowers in beginning inventory.					125
The number of greens mowers in ending inventory.					245
The accounting records provided the following information:
Purchases of raw materials	950,000
Beginning materials inventory	54,450
Ending materials inventory	93,840
Direct labor cost	925,000
Indirect labor cost	212,000
Rent on the factory building	48,000
Utilities on the factory building	15,000
Rent on the adminstration building	60,000
Utilities on the administration building	7,500
Administration salaries	385,000
Salespersons commissions	265,000
Salespersons auto expense	39,500
Office expense	11,350
Factory supplies	20,990
Repairs on factory equipment	22,600
Repairs on office equipment	4,400
Insurance on factory building & equipment	4,200
Insurance on office building & equipment	3,700
Depreciation of factory equipment	49,000
Depreciation of office equipment	12,000
Depreciation of sales vehicles	22,000
Beginning work in process inventory	29,000
Ending work in process inventory	38,000
Beginning finished goods inventory	41,050
Ending finished goods inventory	84,250

COGM

Prepare a Cost of Goods Manufactured Statement using good formatting
(Note: put the dollar signs in the narrow columns and be sure to use underline and double underline.

COGS

Prepare a Cost of Goods Sold Statement using good formatting
(Note: put the dollar signs in the narrow columns and be sure to use underline and double underline.
Beautiful Golf Greens Equipment Corporation
Schedule of Cost of Goods Sold
Year ended December 31, 2020

Income Statement

The selling price of the greens mower is:		498
Prepare a Multi-step Income Statement using good formatting

Calculations

Compute the following four items for Beautiful Golf Greens Equipment Corporation: (show your work)
1) The average cost of producing one unit of equipment for the year.				Round to nearest penny
2) The gross profit margin.				Round to nearest 0.00%
3) The prime costs.
4) The conversion costs.