Module 9 Assignment:
The following information was available for Hamilton Industries for the year 20XX:
| Inventories | 1-Jan | 31-Dec | |||
| Materials | $85,000 | $105,000 | |||
| Work in process | 120,000 | 105,000 | |||
| Finished goods | 125,000 | 110,000 | |||
| Advertising expense | $75,000 | ||||
| Depreciation expense-office equipment | 25,000 | ||||
| Depreciation expense-factory equipment | 16,000 | ||||
| Direct Labor | 205,000 | ||||
| Heat, light, and power-factory | 6,500 | ||||
| Indirect labor | 26,000 | ||||
| Materials purchased | 135,000 | ||||
| Office salaries expense | 85,000 | ||||
| Property taxes-factory | 4,500 | ||||
| Property taxes-headquarters | 15,000 | ||||
| Rent expense-factory | 7,500 | ||||
| Sales | 950,000 | ||||
| Sales salaries expense | 150,000 | ||||
| Supplies-factory | 3,500 | ||||
| Miscellaneous cost-factory | 4,500 | ||||
Requirements:
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