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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 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 950,000
Sales salaries expense 150,000
Supplies-factory 3,500
Miscellaneous cost-factory 4,500
Requirements:

1 Prepare the 20XX statement of cost of goods manufactured.
Hamilton Industries
Statement of Cost of Goods Manufactured For the Year ended December 31, 20XX

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The following information was available for Hamilton Industries for the year 20XX Answer

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