Organic Bones manufactures its own brand of pet chew bones. At the end of December 2016, the accounting records showed the following:

Requirements
1. Prepare a schedule of cost of goods manufactured for Organic Bones for the year ended December 31, 2016.
2. Prepare an income statement for Organic Bones for the year ended December 31, 2016.
3. How does the format of the income statement for Organic Bones differ from the income statement of a merchandiser?
4. Organic Bones manufactured 17,400 units of its product in 2016. Compute the company€™s unit product cost for the year, rounded to the nearest cent.

Transcribed Image Text:

Inventories: Raw Materials Work-in-Process Finished Goods Other information: Raw materials purchases Plant janitorial services Sales salaries Delivery costs Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Beginning Ending 13,1009,000 3,500 5,800 $ 30,000 400 5,200 1,900 114,000 1,700 15,000 1,000 21,000