ABC Problem - Phils YOU HAVE AN ADDITIONAL 40 MINUTES TO COMPLETE QUESTIONS 2 AND 3 Question #2: Cost of Goods Manufactured / Cost of Goods Sold (18 marks) Below is a partial trial balance for Dubai Industries in alphabetical order

ABC Problem - Phils YOU HAVE AN ADDITIONAL 40 MINUTES TO COMPLETE QUESTIONS 2 AND 3 Question #2: Cost of Goods Manufactured / Cost of Goods Sold (18 marks) Below is a partial trial balance for Dubai Industries in alphabetical order. From this information prepare on the following pages a) a Cost of Goods Manufactured Statement b) a Cost of Goods Sold Statement Depreciation - Factory 72,000 Depreciation - Office 24,000 Direct Labor Costs 270,000 Finished Goods Inventory - Beginning 210,000 Finished Goods Inventory - Ending 75,000 Indirect Labor 168,900 Marketing Expenses 300,000 Raw Materials Inventory - Beginning 24,000 Raw Materials Inventory - Ending 30,000 Raw Materials Purchases 396,000 - Rent - Factory 240,000 Rent - Office 60,000 -Repairs - Manufacturing Equipment 120,000 Sales Commissions 105,000 Supplies - Manufacturing 2,100 Supplies - Office 4,800 - Utilities - Factory 27,000 -Utilities - Office 18,000 Work-in Process Inventory - Ending 60,000 Work-in-Process Inventory - Beginning 15,000