Compute the statement of cost of goods manufactured

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Reference no: EM131084827

Module Assignment:

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

1 Prepare the 20XX statement of cost of goods manufactured.

2 Prepare the 20XX income statement.

Reference no: EM131084827

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