Question

FULL SCREEN PRINTER VERSION BACK NEXT its accounting records, it prepares the following schedule and Indicate in which schedule or financial statement(s) different cost items will appear. E14.15 (LO 3) University Company produces collegiate apparel. F financial statements on a yearly basis. a. Cost of goods manufactured schedule. b. Income statement c. Balance sheet. The following items are found in its ledger and accompanying data. 1. Direct labor 2. Raw materials inventory, 1/1 3. Work in process inventory, 12/31 4. Finished goods inventory, 1/1 5. Indirect labor 6. Depreciation on factory machinery 7. Work in process, 1/1 8. Finished goods inventory, 12/31 9. Factory maintenance salaries 10. Cost of goods manufactured 11. Depreciation on delivery equipment 12. Cost of goods available for sale 13. Direct materials used 14. Heat and electricity for factory

Answer 1

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1	Cost of goods manufactured schedule
2	Cost of goods manufactured schedule
3	Cost of goods manufactured schedule/ Balance Sheet
4	Income Statement
5	Cost of goods manufactured schedule
6	Cost of goods manufactured schedule
7	Cost of goods manufactured schedule
8	Income Statement/ Balance Sheet
9	Cost of goods manufactured schedule
10	Cost of goods manufactured schedule
11	Income Statement
12	Income Statement
13	Cost of goods manufactured schedule
14	Cost of goods manufactured schedule
15	Cost of goods manufactured schedule
16	Cost of goods manufactured schedule