Reference no: EM132614644

The following data have been taken from the accounting records of Island Corporation for the just completed year.

Sales                                                     $870,000

Purchases of raw materials                    $190,000

Direct labor                                         $200,000

Manufacturing overhead                      $230,000

Administrative expenses                     $150,000

Selling expenses                               $140,000

Raw materials inventory, beginning        $10,000

Raw materials inventory, ending           $40,000

Work in process inventory, beginning   $20,000

Work in process inventory, ending     $50,000

Finished goods inventory, beginning   $90,000

Finished goods inventory, ending        $130,000

Required:

Question 1: Show a schedule of cost of goods manufactured for the year 2019 (calendar year).