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  3. from the account balances listed below, prepare a

From the account balances listed below, prepare a schedule of cost of goods manufactured and...

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Accounting

From the account balances listed below, prepare a schedule of cost of goods manufactured and cost of goods sold for Print Manufacturing Company for the month ended December 31, 2022.

Account Balances

Finished Goods Inventory, December 31. $79,000 Factory Supervisory Salaries 22,500 Income Tax Expense 34,000 Raw Materials Inventory, December 1 22,500 Work In Process Inventory, December 31 28,000 Sales Salaries Expense 26,500 Factory Depreciation Expense 15,000 Finished Goods Inventory, December 1. 65,500 Raw Materials Purchases 178,000 Work In Process Inventory, December 1 37,500 Factory Utilities Expense 11,000 Direct Labor 131,000 Raw Materials Inventory, December 31 35,500 Sales Returns and Allowances 9,500 Indirect Labor 39,500

a. Prepare a schedule of cost of goods manufactured. b. Prepare a schedule of cost of goods sold.

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