Fido Treats manufactures its own brand of pet chew bones. At the end of December 2018,...

     

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Fido Treats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following. (Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Fido Treats Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Fido Treats for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Revenue: Fido Treats Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold: Income Statement Year Ended December 31, 2018 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Fido Treats 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 . Fido Treats manufactured 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Cost per unit = i Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory 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 Beginning $ 13,600 $ 0 0 $ Ending 5,500 2,500 6,000 37,000 600 5,900 1,600 114,000 1,900 9,000 1,400 19,000 - X Fido Treats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following. (Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Fido Treats Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used: Direct Materials Used Manufacturing Overhead: Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Fido Treats for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Revenue: Fido Treats Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold: Income Statement Year Ended December 31, 2018 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Fido Treats 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 . Fido Treats manufactured 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Cost per unit = i Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory 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 Beginning $ 13,600 $ 0 0 $ Ending 5,500 2,500 6,000 37,000 600 5,900 1,600 114,000 1,900 9,000 1,400 19,000 - X

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Cost Of Good manuafctured for the year ended 31 December 2016 Beginning Work In procees Inventory Di... View the full answer