Account balances from Facey Manufacturing Companys accounting records for the month ended December 31, 2019...

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Accounting

Account balances from Facey Manufacturing Companys accounting records for the month ended December 31, 2019 appear below:

Finished Goods Inventory, December 31

$ 75,350

Factory Supervisory Salaries

80,000

Companys Income Tax Expense

40,000

Raw Materials Inventory, December 1

16,500

Work In Process Inventory, December 31

50,000

Sales Salaries Expense

25,000

Office Depreciation Expense

18,000

Factory Depreciation Expense

5,000

Finished Goods Inventory, December 1

32,400

Raw Materials Purchases

470,000

Work In Process Inventory, December 1

72,000

Factory Utilities Expense

5,700

Direct Labour

130,000

Raw Materials Inventory, December 31

23,000

Sales Returns and Allowances

2,700

Sales commissions

25,000

Indirect Labour

15,000

Sales revenue

1,500,000

Delivery expenses

14,000

Selling and Admin expenses

45,000

Instructions

Prepare a schedule of cost of goods manufactured (10 Marks)

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