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Prepare a Cost of Goods Manufactured from the following data.
Materials inventory, Jan 1. .$80,000
Materials inventory, Dec. 31..60,000
WIP inventory, Jan 1.100,000
WIP inventory, Dec. 31.140,000
Finished Goods inventory, Jan. 1.120,000
Finished Goods inventory, Dec. 31110,000
Net delivered cost of materials purchased.180,000
Direct Labor.280,000
Indirect Material.15,000
Indirect Labor.75,000
Factory Supplies used.16,000
Factory Depreciation30,000
Factory Repairs and Maintenance.22,000
Selling Expenses..64,000
Non-factory Administrative Expenses.58,000
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