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what is the MOH? is it 60000+31000+9000+4800? why or why not RM win no manlion Of IM then DM= RM What would the MOH be?

what is the MOH? is it 60000+31000+9000+4800? why or why not

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RM win no manlion Of IM then DM= RM What would the MOH be? Question 3: Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. TOMBERT COMPANY Income Statement For the Month Ended October 31, 2020 DM Sales met) $780.000 Less: Operating expenses Raw materials purchases DM $264,000 IM Matthew Direct labour cost DL 190.000 Advertising expense 90,000 Setting and administrative salaries 75,000 Rent on factory factities 60,000 Depreciation on sales equipment 45.600 Depreciation on factory equipment ( 31,000 Indirect labour cost 28,000 factor Utilities expense lutor 12,000 9000 fac Insurance expense 4890 8,000 803,000 Net loss $123,000) Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information. 1. Inventory betances at the beginning and end of October were as follows: October 1 October 31 CON Raw materials $18.000 $29,000 Work in process 16.000 14,000 Finished goods 30,000 45 000 2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities Required: A. Prepare a schedule of the cost of goods manufactured for October 2020. 8. Prepare a correct income statement for October 2020

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