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Tamarack Company,a Manufacturing Firm,has Supplied the Following Information from Its

Question 129

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Tamarack Company,a manufacturing firm,has supplied the following information from its accounting records for the month of June.
Required: Prepare a statement of cost of goods manufactured
 Direct labour cost $12,000 Purchases of raw materials 17,000 Factory insurance 4,000 Research and development 7,500 Factory property taxes 3,000 Sales commissions paid 4,500 Work in process, June 1 2,000 Work in process, June 30 2,800 Materials inventory, June 1 1,475 Materials Inventory, June 30 1,200 Finished goods inventory, June 1 2,250 Finished goods inventory, June 30 750\begin{array} { l r } \text { Direct labour cost } & \$ 12,000 \\\text { Purchases of raw materials } & 17,000 \\\text { Factory insurance } & 4,000 \\\text { Research and development } & 7,500 \\\text { Factory property taxes } & 3,000 \\\text { Sales commissions paid } & 4,500 \\\text { Work in process, June 1 } & 2,000 \\\text { Work in process, June 30 } & 2,800 \\\text { Materials inventory, June 1 } & 1,475 \\\text { Materials Inventory, June 30 } & 1,200 \\\text { Finished goods inventory, June 1 } & 2,250 \\\text { Finished goods inventory, June 30 } & 750\end{array}

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