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The following information was taken from the accounts of ABC Corp on December 31, 2010:

 

 

 

1/1/2010

12/31/2010

 

 

 

Beginning Inventory

Ending Inventory

Inventories:

 

 

 

 

 

Raw materials

 

30,000

26,000

 

Work-in-progress

 

24,000

25,000

 

Finished goods

 

15,000

20,000

 

 

 

 

 

Costs incurred:

Purchase of raw materials

150,000

 

 

 

Direct labor

60,000

 

 

 

Rent, factory

40,000

 

 

 

Utilities, factory

10,000

 

 

 

Indirect materials

5,000

 

 

 

Indirect labor    

12,000

 

 

 

Selling expenses

21,000

 

 

 

Administrative expenses

 

26,000

 

 

Prepare a schedule for Cost of Good Manufactured for 2010.

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