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Eklavya Products, a small manufacturer, has submitted the items below concerning last year's operations. The...

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Accounting

Eklavya Products, a small manufacturer, has submitted the items below concerning last year's operations. The president's secretary, trying to be helpful, has alphabetized the list.
Administrative salaries
$2,400
Advertising expense
1,200
Depreciationfactory building
800
Depreciationfactory equipment
1,600
Depreciationoffice equipment
180
Direct labor cost
21,900
Raw materials inventory, beginning
2,100
Raw materials inventory, ending
3,200
Finished goods inventory, beginning
46,980
Finished goods inventory, ending
44,410
General liability insurance expense
240
Indirect labor cost
11,800
Insurance on factory
1,400
Purchases of raw materials
14,600
Repairs and maintenance of factory
900
Sales salaries
2,000
Taxes on factory
450
Travel and entertainment expense
1,410
Work in process inventory, beginning
1,670
Work in process inventory, ending
1,110
Required:
a. Prepare a schedule of Cost of Goods Manufactured for the year.
b. Determine the Cost of Goods Sold for the year.

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