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Unit 1
Question 1 (Total: 18 marks)
The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.
Beginning of 2018 Ending of 2018
Direct materials inventory 135,000 83,000
Work-in-process inventory 185,000 154,000
Finished-goods inventory 255,000 216,000
Purchases of direct materials 270,000
Direct manufacturing labor 225,000
Indirect manufacturing labor 103,000
Plant insurance 11,000
Depreciation-plant, building, and equipment 48,000
Plant utilities 29,500
Repairs and maintenance-plant 13,500
Equipment leasing costs 66,800
Marketing, distribution, and customer-service costs 129,500
General and administrative costs 72,500
Required:
- Prepare a schedule of cost of goods manufactured.
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