Given the following selected account balances of Sunny Manufacturing, prepare (a) its schedule of cost of goods manufactured and (b) its income statement for the year ended December 31.

 

 

Transcribed Image Text:

1 01:54:17 eBook Given the following selected account balances of Sunny Manufacturing, prepare (a) its schedule of cost of goods manufactured and (b) its income statement for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,500,000 74,000 107,800 125,500 351,200 450,000 94,000 46,180 Repairs Factory equipment Rent cost of factory building Selling expenses 114,000 188,000 General and administrative expenses 258,600 Raw materials inventory, ending 85,400 Work in process inventory, ending Finished goods inventory, ending 83,000 134,600 Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format. 1 01:54:17 eBook Given the following selected account balances of Sunny Manufacturing, prepare (a) its schedule of cost of goods manufactured and (b) its income statement for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,500,000 74,000 107,800 125,500 351,200 450,000 94,000 46,180 Repairs Factory equipment Rent cost of factory building Selling expenses 114,000 188,000 General and administrative expenses 258,600 Raw materials inventory, ending 85,400 Work in process inventory, ending Finished goods inventory, ending 83,000 134,600 Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format.

Answer rating: 100% (QA)

Sunny Manufacturing Financial Statements a Schedule of Cost of Goods Manufactured Description Amount ... View the full answer