(Answered) Use the information below from joes toys to prepare the

Finance

Use the information below from Joe's Toys to prepare the statement of cost of goods manufactured. Inventories Beginning

Ending Materials inventory $42,000 $45,000
Work in process inventory 30,000 27,000
Direct materials purchased 125,000
Total direct labor costs 190,000
Total indirect labor costs 60,000
Utilities 10,000 Depreciation 30,000
Small tools 3,000 Factory insurance 15,000
Factory supervision 65,000
Miscellaneous overhead costs 5,000

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