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Serial Problem Business Solutions LO C2, C4, P2 Santana Rey, owner of Business Solutions, decides to diversity her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (o) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2018 Direct materials: $2,800 Factory overhead: $510 Direct labor: $1,200 Beginning work in process: none (December 31, 2017) Ending work in process: $560 (January 31, 2018) Beginning finished goods inventory: none (December 31, 2017) Ending finished goods inventory: $360 (January 31, 2018) 3. Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2018. BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2018 Direct labor Direct materials Factory overhead costs 0 Total manufacturing costs Add: Work in process, December 31, 2017 Total cost of goods in process Less: Work in process, January 31, 2018 Cost of goods manufactured $ 0 urucuya ID: Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2018. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2018 Cost of goods sold Cost of goods manufactured Finished goods inventory, December 31, 2017 0 Goods available for sale Finished goods inventory, January 31, 2018 Cost of goods sold $ 0

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