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AutoSave B 2 - Documenti Word Search A Matthew Blodgette File Home Insert Dew Design Layout References Mailings Review View H
e Home Insert Mailings Draw Design Layout References Problem 14-04A a-c (Video) The following data were taken from the record
- |- |- |- |- |- |- |- |- |- SICWLISTAGECUNTS VIDEO SIRILAR PROBLE LINK TO TEXT Prepare an income statement through gross pro
Matthew Blodgett MB - 0x Share Comments SHOW LIST OF ACCOUNTS VIDEO: SIMILAR PROBLEM Prepare the current assets section of th
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Answer #1

Since figures were not provided, i have prepared the formats, only figures has to be filled in front of that, available figures has been entered.

Cost of Goods Manufactured Schedule
Beginning Work in process inventory $          29,600
Direct Materials
Raw Material Beginning Inventory $            51,600
Raw Material Purchases
Total Raw Material Available $            51,600
Less : Raw Material Ending Inventory $            45,500
Direct Material Used in production
Direct Labor $      1,45,750
Manufacturing Overhead
Indirect Labor $            26,660
Factory Insurance
Factory Machine Depreciation
Factory Utilities
Plant Manager's Salary
Factory Property Taxes
Factory Repairs
Total Manufacturing Overhead
Total Manufacturing Costs
Total Cost of Work in Process
Less: Ending Work in Process inventory $          28,100
Cost of goods manufactured
Income Statement
Sales Revenue
Less Sales Discount
Net Sales Revenue
Less Cost of Goods Sold
Beginning Finished Goods Inventory $            99,100
Add : Cost of Goods manufactured
Cost of Goods Available for sale
Less : Ending Finished Goods Inventory $            22,300
Cost of Goods Sold
Gross Profit
Office Supplies Expense
Net Income $                  -  
Balance Sheet
Current Assets
Cash
Accounts Receivable
Inventory
Raw Material
Work in Process
Finished Goods
Total Current Assets
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