The following information was taken from the accounts of ABC Corp on December 31, 2010:
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1/1/2010
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12/31/2010
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Beginning Inventory
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Ending Inventory
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Inventories:
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Raw materials
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30,000
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26,000
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Work-in-progress
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24,000
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25,000
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Finished goods
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15,000
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20,000
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Costs incurred:
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Purchase of raw materials
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150,000
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Direct labor
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60,000
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Rent, factory
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40,000
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Utilities, factory
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10,000
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Indirect materials
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5,000
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Indirect labor
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12,000
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Selling expenses
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21,000
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Administrative expenses
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26,000
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Prepare a schedule for Cost of Good Manufactured for 2010.