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1) Logan Products, a small manufacturer, has submitted the items below concerning last year's operations

Accounting

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1) Logan Products, a small manufacturer, has submitted the items below concerning last year's operations. The president's assistant, trying to be helpful, has prepared a list of costs and other information. 16 Marks Administrative Salaries Advertising Expense $2,400 $1,200 Depreciation - Factory Building $80 Depreciation - Factory Equipment $1,600 Depreciation - Office Equipment $180 Direct Labour Cost $21,900 Raw Materials Inventory, Beginning $2, 100 Raw Materials Inventory, Ending $3,200 Finished Goods Inventory, Beginning $46,980 Finished Goods Inventory, Ending $44,410 General Liability Insurance Expense $240 Indirect Labour Cost $11,800 $1,400 Insurance on Factory Purchases on Raw Materials $14,600 Repairs and Maintenance of Factory $900 Sales Salaries $2,000 Taxes on Factory $450 Travel and Entertainment Expense $1,410 Work-in-Process Inventory, Beginning $1,670 Work-in- Process Inventory, Ending $1,1 10 Required: a.) Prepare a schedule of cost of goods manufactured in good form for the year. 13 Marks b.) Determine the cost of goods sold for the year. 3 Marks