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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
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