Please fill in the missing spots in this income statement. Accounting 102 Chapter 15 Sales Direct Materials
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Please fill in the missing spots in this income statement.
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Accounting 102 Chapter 15 Sales Direct Materials Direct Labor Overhead Total Manufacturing Costs Work in Process - January 1 Work in Process - December 31 Cost of Goods Manufactured Finished Goods Inventory - January 1 Cost of Goods Available for Sale Finished Goods Inventory - December 31 Cost of Goods Sold Gross Margin Operating Expenses Net Operating Income Income Statement #1 $9,000 $4,000 $25,000 $1,000 $(3,500) $(4,000) $40,000 $26,500 $5,500 Accounting 102 Chapter 15 Sales Direct Materials Direct Labor Overhead Total Manufacturing Costs Work in Process - January 1 Work in Process - December 31 Cost of Goods Manufactured Finished Goods Inventory - January 1 Cost of Goods Available for Sale Finished Goods Inventory - December 31 Cost of Goods Sold Gross Margin Operating Expenses Net Operating Income Income Statement #1 $9,000 $4,000 $25,000 $1,000 $(3,500) $(4,000) $40,000 $26,500 $5,500
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Particulars Sales Direct materials Direct labor Overhead Total manufacturing cost Work ... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
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