Direct material used 65000
Factory property taxes 2500
Direct labor 76000
Indirect labor 16000
Factory insurance 3000
Factory utilities 11000
Depreciation-factory building 4500
Depreciation-factory machine 15000
Factory supplies 5000
Factory maintenance 4000
Inventories as follow:
Beginning ending
Work-in-process 7200 12700
Finished goods 16000 26000

Required:prepare cost of goods manufactured and sold statement

direct material used 65000
factory property taxes 2500
direct labor 76000
indirect labor 16000
factory insurance 3000
factory utilities 11000
depreciation-factory building 4500
depreciation-factory machine 15000
factory supplies 5000
factory maintenance 4000
inventories as follow:
begining ending
work-in-process 7200 12700
finished goods 16000 26000

required:prepare cost of goods manufactured and sold statement

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