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Prepare schedule of cost of goods manufactured

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Question - The following cost information for Big Blue Skies Inc. as of March 31, 2021, are as follows:

Cost of direct material used in manufacturing $75,000

Direct labour costs 7,000

Manufacturing overhead 16,500

Sales commissions at 8% of sales 22,000

Opening finished goods inventory 5,000

Opening work-in-process inventory 7,000

Ending finished goods inventory 22,000

Ending work-in-process inventory 22,000

Required - Prepare in proper from a schedule of cost of goods manufactured for the company for the month.

Reference no: EM132984112

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