Question

The following data from the just completed year are taken from the accounting records of Eccles
Company:
Sales...................... $643,000
Direct labor cost................... $90,000
Raw material purchases................. $132,000
Selling expenses.................... $100,000
Administrative expenses................. $43,000
Manufacturing overhead applied to work in process.... $210,000
Actual manufacturing overhead costs...... $220,000


Required:
1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
2. Prepare a schedule of cost of goods sold.
3. Prepare an incomestatement.


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  • CreatedSeptember 27, 2013
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