Selected account balances of Sydney Manufacturing Company appear below for 2022: Beginning of Year $13,000 24,000...

 

Transcribed Image Text:

Selected account balances of Sydney Manufacturing Company appear below for 2022: Beginning of Year $13,000 24,000 16,000 Finished Goods Inventory Work In Process Inventory Raw Materials Inventory Raw Material Purchases Factory Supervisory Salaries Factory Insurance Direct Labor Administrative Expenses Factory Depreciation Indirect Labor Selling Expenses End of Year $19,000 20,000 17,000 95,000 35,000 24,000 42,000 15,000 10,000 12,000 40,000 Instructions: Using the information for Sydney Manufacturing Company, create a A. Cost of Goods Manufacturing Schedule B. Cost of Goods Sold Schedule Selected account balances of Sydney Manufacturing Company appear below for 2022: Beginning of Year $13,000 24,000 16,000 Finished Goods Inventory Work In Process Inventory Raw Materials Inventory Raw Material Purchases Factory Supervisory Salaries Factory Insurance Direct Labor Administrative Expenses Factory Depreciation Indirect Labor Selling Expenses End of Year $19,000 20,000 17,000 95,000 35,000 24,000 42,000 15,000 10,000 12,000 40,000 Instructions: Using the information for Sydney Manufacturing Company, create a A. Cost of Goods Manufacturing Schedule B. Cost of Goods Sold Schedule

Answer rating: 100% (QA)

To create the Cost of Goods Manufactured COGM schedule and Cost of Goods Sold COGS schedule for Sydn... View the full answer