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Your finance department provides you with the following data: Rent...

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Accounting

Your finance department provides you with the following data:

Rent (manufacturing building) $25,000
Hydro costs (manufacturing) $77,000
Supplies (manufacturing) $19,000
Insurance (office building) $7,000
Indirect labour $110,000
Direct labour cost $65,000
Raw material purchases $399,000
Online advertising $30,000
Commissions to sales people $70,000
Equipment depreciation (manufacturing) $80,000
Depreciation (office building) $55,000
Inventories Beginning of year End of year
Raw materials $65,000 45000
Work in progress $99,000 62000
Finished goods $205,000 70000

Prepare a schedule of cost of goods manufactured. (3) Prepare the cost of good sold section of the income statement. (2)

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