Cost of Goods Manusactured etc Presented Below is the information from the

Cost of Goods Manusactured etc

Presented Below is the information from the records of Britton Companyfor March:

Purchases:

Direct Materials $9000000

Indirect Materials 200000

Office Supplies 420000

Sales 36000000

Salaries and Benefits:

Selling and Administratve 4000000

Direct Mnufacturing Labor 6000000

Rent * 4000000

Utilities * 1200000

Advertising 700000

Invenories March 1 March 31

Direct Materials $4400000 $1600000

Indirect Materials 500000 600000

Office supplies 150000 180000

Finished Goods 24000000 16000000

* Of thee osts60 percent are assigned to manufacturing and 40 percent to selling and administrative.

Required:

1- Prepare a schedule of cot of goods manufactured.

2. Prepare an income statement for the month

3. Compute the prime costs conversion costs and indirect manufacturing costs.

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