1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended...

 

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1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2024. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? 4. Denim Bones manufactured 17,100 units of its product in 2024. Compute the company's unit product cost for the year, rounded to the nearest cent. Data table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $ 13,100 $ 9,500 2,000 5,100 0 0 Data table Other information: Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor $ 38,000 300 5,400 1,100 115,000 1,800 10,000 1.100 15,000 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Tear Endea December 31, 2024 Tail Martin Santa In the Man Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. (Fo column.) Revenue: Cost of Goods Sold: Denim Bones Income Statement Year Ended December 31, 2024 Selling and Administrative Expenses Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? A manufacturer's cost of goods sold is based on its In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Denim Bones manufactured 17,100 units of its product in 2024 Compute the company's unit product cost for the year rounded to the nearest cent Cost per unit 1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2024. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? 4. Denim Bones manufactured 17,100 units of its product in 2024. Compute the company's unit product cost for the year, rounded to the nearest cent. Data table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $ 13,100 $ 9,500 2,000 5,100 0 0 Data table Other information: Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor $ 38,000 300 5,400 1,100 115,000 1,800 10,000 1.100 15,000 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Tear Endea December 31, 2024 Tail Martin Santa In the Man Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. (Fo column.) Revenue: Cost of Goods Sold: Denim Bones Income Statement Year Ended December 31, 2024 Selling and Administrative Expenses Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? A manufacturer's cost of goods sold is based on its In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Denim Bones manufactured 17,100 units of its product in 2024 Compute the company's unit product cost for the year rounded to the nearest cent Cost per unit