Consider the following account balances (in thousands) for the Shaler Corporation: Required 1. Prepare a schedule for
Question:
Consider the following account balances (in thousands) for the Shaler Corporation:
Required
1. Prepare a schedule for the cost of goods manufactured for 2014.
2. Revenues (in thousands) for 2014 were $ 1,200,000. Prepare the income statement for2014.
Transcribed Image Text:
End of 2014 68,000 144,000 204,000 256,000 212,000 96,000 28,000 4,000 42,000 24,000 16,000 64,000 124,000 68,000 Beginning of 2014 130,000 166,000 246,000 Shaler Corporation Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Indirect materials Plant insurance Depreciation-plant, building, and equipment Plant utilities Repairs and maintenance-plant Equipment leasing costs Marketing, distribution, and customer-service costs General and administrative costs
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133428704
15th edition
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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