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the Best A Cersale CASSUME cost of goods an 180.000 no matter what you with OF D MCM 115 Geh ASSUM materials no what you have a ants Oct Te Net SIA SS TODO Cost Ty Salespeople salaries Repairs on factory machinery Direct labor Factory property taxes Factory depreciation Purchase of raw materials Office insurance Indirect production materials Administrative salaries Factory insurance Office depreciation Indirect factory labor Advertising expense Sales $6,000 $2,400 $20,000 $800 $4,000 $15,000 $1,500 $3,000 $12,000 $1,600 $1,400 $9,200 $2,100 $88,000 December 31 Inventory account Direct materials January 1 $3,000 $14,000 $13,000 $6,000 $16,000 Work in process Finished goods $9,000 A. Calculate the direct material used below. (5pls) Direct Materials Used Direct Materials Used B. Prepare Cost of Goods Manufactured Schedule. ASSUME that direct materials used are $9.000 no matter what you have in the previous calculation. (10pts) Cost of Goods Manufactured Direct Maicials Used 9.000 Overhead Calculation 4 15 26 27 28 29 Total overhead Total manufacturing costs added: Calculate Cost of Good Manufactured 30 31 32 33 Cost of Goods Manufactured 34 35 C. Prepare Income Statement. ASSUME that cost of goods manufactured is $50,000 no matter what you have in the previous calculation. (10pts) Income Statement Cost of goods sold computation: Add: Cost of Goods Manufactured 50,000 Cost of Goods Sold Gross Profit 0.no Operaling Expenses: 000 Total Operating Expenses Net Income

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