Question

The adjusted trial balance for Appleton Appliances, Ltd. On June 30, the end of its first month of operation is as follows:
The general ledger reveals the following additional data:
a. There were no beginning inventories.
b. Materials purchases during the period were $23,000.
c. Direct labor cost was $18,500.
d. Factory overhead costs were as follows:
Indirect materials......................................................$ 1,400
Indirect labor............................................................ 6,010
Depreciation–building .............................................. 3,000
Depreciation–machinery and equipment................... 2,200
Utilities...................................................................... 2,750
$15,360
Required:
1. Prepare a statement of cost of goods manufactured for June.
2. Prepare an income statement for June.
3. Prepare a balance sheet as of June 30.


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  • CreatedMarch 31, 2015
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