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The following information was taken from the accounts of ABC Corp on December 31, 2010:
1/1/2010
12/31/2010
Beginning Inventory
Ending Inventory
Inventories:
Raw materials
30,000
26,000
Work-in-progress
24,000
25,000
Finished goods
15,000
20,000
Costs incurred:
Purchase of raw materials
150,000
Direct labor
60,000
Rent, factory
40,000
Utilities, factory
10,000
Indirect materials
5,000
Indirect labor
12,000
Selling expenses
21,000
Administrative expenses
Prepare a schedule for Cost of Good Manufactured for 2010.
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