Reference no: EM133144227

Question - The following data (in $) refer to BallPen Makers Ltd. for the year just ended:

Work in process inventory, 1 January 9200

Selling and administrative salaries 14900

Insurance on factory and equipment 4700

Work in process inventory, 31 December 9400

Finished goods inventory, 1 January 15100

Indirect material used 6000

Depreciation on factory equipment 3200

Raw material inventory, 1 January 11200

Property taxes for factory 3500

Finished goods inventory, 31 December 16500

Purchases of raw material 40100

Electricity for factory 7100

Electricity for sales and administrative offices 3600

Other selling and administrative expenses 5100

Indirect labour cost incurred 30100

Depreciation on factory building 4900

Depreciation on cars used by sales personnel 2300

Direct labour cost incurred 80100

Raw material inventory, 31 December 12100

Rental for warehouse space to store raw material 4200

Rental of space for managing director's office 2800

Sales revenue 206900

Income tax expense 6200

Required - Prepare BallPen Makers' schedule of cost of goods manufactured for the year just ended.

Prepare the company's schedule of cost of goods sold for the year just ended.