Cost of Goods Manufactored

module_10_assignment.xlsx

M10 Assignment

Module 10 Assignment:
The following information was available for Hamilton Industries for the year 20XX:
Inventories		1-Jan	31-Dec
Materials		$85,000	$105,000
Work in process		120,000	105,000
Finished goods		125,000	110,000
Advertising expense				$75,000
Depreciation expense-office equipment				25,000
Depreciation expense-factory equipment				16,000
Direct Labor				205,000
Heat, light, and power-factory				6,500
Indirect labor				26,000
Materials purchased				135,000
Office salaries expense				85,000
Property taxes-factory				4,500
Property taxes-headquarters				15,000
Rent expense-factory				7,500
Sales				950,000
Sales salaries expense				150,000
Supplies-factory				3,500
Miscellaneous cost-factory				4,500
Requirements:
1	Prepare the 20XX statement of cost of goods manufactured.
	Hamilton Industries
	Statement of Cost of Goods Manufactured
	For the Year ended December 31, 20XX
2	Prepare the 20XX income statement.
	Hamilton Industries
	Income Statement
	For the Year ended December 31, 20XX