CoursHeroTranscribedText: Prepare a statement of cost of goods manufactured in good form based on the...
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CoursHeroTranscribedText: Prepare a statement of cost of goods manufactured in good form based on the data below from Maddie Inc. for the period ended March 31, 2021 Used $71,000 of direct materials and incurred $33,000 of direct labor costs during the current year. Indirect labor amounted to $2, 700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,400 balance and ended the year with a $8,200 balance
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