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

Essay

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
$$\begin{array} { l r } \text { Direct labour cost } & \$ 12,000 \\\text { Purchases of raw materials } & 17,000 \\\text { Factory insurance } & 4,000 \\\text { Research and development } & 7,500 \\\text { Factory property taxes } & 3,000 \\\text { Sales commissions paid } & 4,500 \\\text { Work in process, June 1 } & 2,000 \\\text { Work in process, June 30 } & 2,800 \\\text { Materials inventory, June 1 } & 1,475 \\\text { Materials Inventory, June 30 } & 1,200 \\\text { Finished goods inventory, June 1 } & 2,250 \\\text { Finished goods inventory, June 30 } & 750\end{array}$$