Question

Managerial Accounting

Prepare the manufacturing statement and partial income statement for Manufacture Co

H LU E F G Exercise 6: Prepare the manufacturing statement and partial income statement for Manufacturer Co. on 5/310X, Advertising expense End. Work in process Rent - office building Beg. Finished goods inventory 48 Factory cleaning supplies 16 Repairs-factory Beg work in process inventory 40 Indirect labor-factory Salary-assembly Beg raw materials inventory 32 Insurance-factory Salary - factory manager Depreciation - factory equipment 96 Janitorial costs - factory 24 Salary - Office manager Depreciation - Office equipment 32 Janitorial costs - Office Sales End raw materials inventory 40 Property taxes - Factory 24 Utilities on factory End. Finished goods inventory 32 Raw materials purchases 256 Direct Materials Direct Labor Manufacturing Overhead xxx xxxxxxxxx xxxx ХХХХХХХХХ Total manufacturing overhead XXXXX Cost of Goods Manufactured Income Statement Manufacturer Ca. Poriad Ending543120% Cost of Goods Sold X X X X X X X X X Gross Profit 1-5 6 7-9 DO OS EX PR In-class

Answer 1

32 248 400 Direct Materials Beginning raw materials inventory Raw materials purchases Raw materials available for use Ending raw materials inventory Direct materials used Direct Labor Manufacturing Overhead Depreciation - factory equipment Factory cleaning supplies Indirect labor - factory Insurance - factory Janitorial costs - factory Property taxes - factory Repairs - factory Salary - factory manager Utilities on factory Total manufacturing overhead Total manufacturing cost Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 472 1,120 40 48 1,112

1,280 Income Statement Manufacturer Co. Period Ending 5/31/08 Sales Cost of Goods Sold Beginning finished goods inventory Cost of goods manufactured Cost of goods available for use Ending finished goods inventory Cost of goods sold Gross Profit 48 1,112 1,160 32 1,128 152