Reference no: EM133123472
Question - Western Plastics Inc., a manufacturing firm, has supplied the following information from its accounting records for the month of February 2022:
Finished goods inventory February 1 $12,250
Work in process inventory February 1 14,200
Raw materials inventory February 1 13,500
Finished goods inventory February 28 13,750
Work in process inventory February 28 10,500
Raw materials inventory February 28 18,100
Factory supplies used 12,000
Depreciation of factory equipment 15,000
Depreciation of office building 23,000
Salary of factory manager 46,000
Factory rent 63,000
Factory janitorial cost 8,000
Marketing and promotion costs 14,500
Factory Utilities 24,000
Other materials used 11,250
Direct labor cost (5,000 hours used) 32,000
Purchase of raw materials 60,000
Required - Prepare a Statement of Cost of Goods Manufactured in a proper format.
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