The following information was available for Hamilton Industries for the year 20XX Answer
The following information was available for Hamilton Industries for the year 20XX:
Inventories 1-Jan 31-Dec
Materials $85,000 $105,000
Work in process 120,000 105,000
Finished goods 125,000 110,000
Advertising expense $75,000
Depreciation expense-office equipment 25,000
Depreciation expense-factory equipment 16,000
Direct Labor 205,000
Heat, light, and power-factory 6,500
Indirect labor 26,000
Materials purchased 135,000
Office salaries expense 85,000
Property taxes-factory 4,500
Property taxes-headquarters 15,000
Rent expense-factory 7,500
Sales salaries expense 150,000
Miscellaneous cost-factory 4,500
1 Prepare the 20XX statement of cost of goods manufactured.
Statement of Cost of Goods Manufactured For the Year ended December 31, 20XX
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