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From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2019

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From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2019.

 

Account Balances

Finished Goods Inventory, December 31

$42,000

Factory Supervisory Salaries

12,000

Income Tax Expense

18,000

Raw Materials Inventory, December 1

12,000

Work In Process Inventory, December 31

15,000

Sales Salaries Expense

14,000

Factory Depreciation Expense

8,000

Finished Goods Inventory, December 1

35,000

Raw Materials Purchases

105,000

Work In Process Inventory, December 1

25,000

Factory Utilities Expense

6,000

Direct Labor

70,000

Raw Materials Inventory, December 31

19,000

Sales Returns and Allowances

5,000

Indirect Labor

21,000