Reference no: EM132611418

Peter Production Ltd. Had the following account balances for the quarter ended Dec 31, unless otherwise noted.

Amortization of manufacturing equipment                  $88,000

Amortization of office equipment                                $41,200

Direct manufacturing labour                                       $1,60,000

Direct materials used                                                   $1,26,000

Finished goods inventory (October 1)                               $1,80,000

Finished goods inventory (December 31)                               $1,70,000

General office expenses                                                  $1,01,800

indirect manufacturing labour                                               $62,000

indirect materials used                                                         $28,000

marketing distribution costs                                                  $10,000

miscellaneous plant overhead                                                $45,000

plant utilities                                                                       $30,800

Property taxes on plant building                                                $9,600

Property taxes on salespersons company vehicles                         $4,000

Work-in-process inventory (Oct 1)                                              $46,800

Work-in-process inventory (Dec 31)                                            $57,000

Question A) Prepare the Cost of Goods manufactured schedule for the quarter.

Question B) Prepare the cost of goods sold schedule for the quarter