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Business, 04.05.2020 23:43 iSODREW7869

Information for Basic Factory, Inc., as if December 31 follows:
Raw materials inventory, January 1 $ 88,000
Raw materials inventory, December 31 68,000
Goods in process inventory, January 1 25,000
Goods in process inventory, December 31 28,900
Finished goods inventory, January 1 120,000
Finished goods inventory, December 31 88,700
Depreciation of factory equipment 27,000
Direct labor 88,000
Factory supplies used 9,500
Raw materials purchases 180,000
Depreciation of delivery vehicles 12,000
Factory building rent 20,000
Sales commissions 40,500
Factory utilities 16,000
Interest expense 8,000
Factory insurance 17,000

Prepare a Cost of Goods Manufactured statement for the year ended Decemeber 31

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Information for Basic Factory, Inc., as if December 31 follows:
Raw materials inventory, Janua...
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