Given the following selected account balances of Randa Company, prepare its manufacturing statement for the year ended on December 31, 2011. Include a listing of the individual overhead account balances in this statement.
Sales | $1,252,000 |
Raw materials inventory, Dec. 31, 2010 | 39,000 |
Goods in process inventory, Dec. 31, 2010 | 55,900 |
Finished goods inventory, Dec. 31, 2010 | 64,750 |
Raw materials purchases | 177,600 |
Direct labor | 227,000 |
Factory computer supplies used | 19,840 |
Indirect labor | 49,000 |
Repairs—Factory equipment | 7,250 |
Rent cost of factory building | 59,000 |
Advertising expense | 96,000 |
General and administrative expenses | 131,300 |
Raw materials inventory, Dec. 31, 2011 | 44,700 |
Goods in process inventory, Dec. 31, 2011 | 43,500 |
Finished goods inventory, Dec. 31, 2011 | 69,300 |
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