Information from the Records of the Shawnee Production Company for the Month

question 74

Essay

Information from the records of the Shawnee Production Company for the month of January is as follows:
$\begin{array}{lr}\text {Purchases of direct materials}&\$18,000\\\text {Indirect labor}&5,000\\\text { Direct labor } & 10,400 \\\text { Depreciation on factory machinery } & 3,000 \\\text { Sales } & 55,300 \\\text { Selling and administrative expenses } & 6,300 \\\text { Rent on factory building } & 7,000\end{array}$
$\begin{array}{lrr}\text { Inventories:}&\text { January 1}&\text { January 31}\\\text { Direct materials } & \$ 8,000 & \$ 8,700 \\\text { Work-in-process } & 2,100 & 3,200 \\\text { Finished goods } & 5,000 & 5,700\end{array}$

Required:
(a) Prepare a statement of cost of goods manufactured and sold for the month of January.
(b) Prepare a gross margin income statement for the month of January.

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Definitions:

Death Etiology

The study of the causes of death, including all factors contributing to the cessation of life in organisms.

Anthropometry

The measurement and study of the human body's dimensions and its various parts, often used for ergonomic design, nutritional assessment, and to track growth and health status.

Gerontology

The study of the biological, psychological, and social aspects of aging.

Jessica Mitford

An English author, journalist, and political campaigner, known for her investigative work and critique on the funeral industry in her book "The American Way of Death."