Chambers Manufacturing Company produces blankets. From its accounting records, it prepares the following schedule and financial statements on a yearly basis.
(a) Cost of goods manufactured schedule.
(b) Income statement.
(c) Balance sheet.
The following items are found in its ledger and accompanying data.
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1. Direct labor
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9. Factory maintenance salaries
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2. Raw materials inventory, 1/1
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10. Cost of goods manufactured
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3. Work in process inventory, 12/31
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11. Depreciation on delivery equipment
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4. Finished goods inventory, 1/1
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12. Cost of goods available for sale
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5. Indirect labor
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13. Direct materials used
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6. Depreciation on factory machinery
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14. Heat and electricity for factory
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7. Work in process, 1/1
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15. Repairs to roof of factory building
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8. Finished goods inventory, 12/31
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16. Cost of raw materials purchases
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Instructions
List the items (1)-(16). For each item, indicate by using the appropriate letter or letters, the schedule and/or financial statement(s) in which the item will appear.