Reference no: EM132546796

The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for the period ended on December 31, 2016 as under:

Material Consumed: 30% of direct labour cost

Factory overhead: 60% of direct labour cost

Finished goods - Beginning: 49,000

Finished goods - Ending: 68,000

Work in process - Beginning: 42,000

Work in process - Ending: 51,300

Materials - Beginning: 29,500

Materials - Ending: 25,810

Cost of goods manufactured: 460,000

Required:

Question 1: Prepare Cost of Good Manufacture Statement