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CLICK HERE TO REMEW LEARNING OBJECTIVES QUESTION 1 Incomplete answer Marked out of 25.00 Flag question Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company $70,000 35,000 41,000 22,000 30,000 17,000 175,000 18,000 12,000 Finished goods inventory (January 57,000 Finished goods inventory(December 31) 52,000 14,000 19,000 13,000 20,000 Net delivered cost of materials purchased 138,000 26,000 845,000 72,000 18,000 Work in process inventory (December 31) 31,000 Administrative salaries(non-factory) Administrative rent (non-factory) Advertising and promotion expense Depreciation-administrative Depreciation-factory Direct labor Factory rent Factory supplies used Indirect material used Indirect labor Materials inventory (Canuary 1) Materials inventory (December 31) Other factory Sales Sales salaries expense Work in process inventory (January 1)

Total manufacturing costs for the year Add Total cost of work in process during the year Less: Cost of goods manufactured Add: Cost of goods available for sale Less Cost of goods sold

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Schededot cos of God mauadSold Direcl malerial Add PurchaseJ 138,000o COS L0OD less closíną fnve Total mateial used lessndirect matoial usecd 4 ,OOO Direcl mateial vsed Dir labour Man ufachuin Oue hea d 130, ooO 45,000o A,000 Indivet labouv a ,o00 upplers used factonų de a do 30 ,ooo 18,000 ther a 11,00O ye at . Add:WiP CJon ) 18,000 ea 31 ,ooo411,000 5Tood 468 000 Cos of Goodsmonufacred A dtnsed qoods CJon ) Cos1 of goo ds uaiabl A Sala less: Hnished Goods Core 30 52000 Col o Goods told 16000

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