From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2011 with proper heading.
- Finished Goods Inventory, December 31 $42,000
- Factory Supervisory Salaries 12,000
- Income Tax Expense 18,000
- Raw Materials Inventory, December 1 12,000
- Work In Process Inventory, December 31 25,000
- Sales Salaries Expense 14,000
- Factory Depreciation Expense 8,000
- Finished Goods Inventory, December 1 35,000
- Raw Materials Purchases 85,000
- Work In Process Inventory, December 1 20,000
- Factory Utilities Expense 6,000
- Direct Labor 70,000
- Raw Materials Inventory, December 31 19,000
- Sales Returns and Allowances 5,000
- Indirect Labor 21,000