Prepare a schedule of cost of goods manufactured and a statement of comprehensive income for the…

(Cost of Goods Manufactured and Statement of Comprehensive Income Presentation) The following information is taken from the records of Harry Jingle Pens for September:

Purchases of direct materials

$ 8,000,000

Sales

32,000,000

Selling and administrative costs

3,800,000

Direct manufacturing labour

5,500,000

Rent

3,000,000

Utilities

1,500,000

Advertising

800,000

Purchases of indirect materials

500,000

Purchases of office supplies

200,000

The following balances were recorded in its inventory accounts:

September 1

September 30

Direct materials

S 4,800,000

S 1,960,000

Indirect materials

420,000

720,000

Work in Progress

3,850,000

4,700,000

Office supplies

110,000

120,000

Finished Goods

6,800,000

4,200,000

Prepare a schedule of cost of goods manufactured and a statement of comprehensive income for the month of September.

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