Week 4 F20 Hybrid (3%)

ACC2214

For your Week

4

Hybrid (3%), please complete the following

based on material in

Chapter 2.

Canada Moose is a

manufacturing

company that

started operations August 1, 2019

. Canada

Moose manufactures cold weather clothing. At the end of August 2019, the following data

was compiled:

Management and Admin Expenses

$25,000

Direct labour

$15,000

Ending Finished Goods Inventory

$13,000

Ending Work in Process Inventory

$70,000

Ending Raw Materials Inventory

$25,000

Raw Materials Purchases in the month

$115,000

Manufacturing Overhead

$16,000

Sales Revenues

$125,000

Selling Expense

$31,000

Required:

prepare a Schedule of Cost of Goods Manufactured and an Income

Statement for the

month of August