The following is the trial balance of Hyde Company at December 31, 2016, together with the worksheet
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Question:
The following is the trial balance of Hyde Company at December 31, 2016, together with the worksheet adjustments. Hyde Company uses perpetual inventory procedures.
Additional information:
1. January 1, 2016, inventories were materials, $36,000; work in process, $27,800; and finished goods, $42,000.
2. Net delivered cost of materials purchased was $142,800.
3. Direct labor was $180,800.
4. Manufacturing overhead included the following:
Required
a.Complete the worksheet
b.Prepare an income statement
Related Book For
Intermediate Accounting
ISBN: 978-1118742976
16th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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