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Hours Revenue Interest payable Purchases of direct materials Wages [factory Beginning direct material Indirect Materials...

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Accounting

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Hours Revenue Interest payable Purchases of direct materials Wages [factory Beginning direct material Indirect Materials Supplies expense [factory] Supplies (factory] Depreciation of factory machines Depreciation of factory Plant Depreciation of shop Unearned revenue Selling commission Marketing costs Wages [Store] Insurance expense (shop] Prepaid insurance Expense [store] Supplies expense [store] Utilities [store] Direct Labor Hours Hourly Rate for direct labour Direct materials inventory Dec 31 2019 Work in process Jan 1 2019 Sales Return/ allowances Rent revenue Work in process Dec 31 2019 Sales Discounts Finished Goods Inventory Jan 1 2019 Finished Goods Inventory Dec 31 2019 35,000 2300 14,000 5500 2850 5,000 3,500 9540 3500 2300 2,000 5620 2200 4200 6,000 2300 1450 5,000 2.500 I 2800 16 4.000 3,000 2100 5.000 5.000 3,000 3,000 2500 REQUIRED 1. Prepare a COGM statement for year end 2. Prepare an income statement assume interest tax rate to be 17%] for year end

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