Consider the following information for Huntersville Incorporated for the fiscal year ended December 31. Depreciation expense-administrative...

Transcribed Image Text:

Consider the following information for Huntersville Incorporated for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor-wages Materials Inventory, December 31 Materials Inventory, January 1 Direct materials purchases Finished goods inventory, December 31 Finished goods inventory, January 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, December 31 Work-in-process inventory, January 1 Complete this question by entering your answers in the tabs below. Stmt of COGM $ 35,150 90,500 522,600 Income Statement 32,750 23,500 177,500 24,400 15,900 46,700 26,800 36,250 149,500 1,591,000 Required: Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31. 67,350 17,800 29,900 10,800 25, 250 Consider the following information for Huntersville Incorporated for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor-wages Materials Inventory, December 31 Materials Inventory, January 1 Direct materials purchases Finished goods inventory, December 31 Finished goods inventory, January 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, December 31 Work-in-process inventory, January 1 Complete this question by entering your answers in the tabs below. Stmt of COGM $ 35,150 90,500 522,600 Income Statement 32,750 23,500 177,500 24,400 15,900 46,700 26,800 36,250 149,500 1,591,000 Required: Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31. 67,350 17,800 29,900 10,800 25, 250

Answer rating: 100% (QA)

Statement of Cost of Goods Manufactured COGM for Huntersville Incorporated for the Year Ended Decemb... View the full answer