Question

The following data refer to Superior Metals Corporation for the year 20x4.

.:.
Required:
1. Prepare Superior Metals’ schedule of cost of goods manufactured for 20x4.
2. Prepare the company’s schedule of cost of goods sold for 20x4. The company closes overapplied or underapplied overhead into Cost of Goods Sold.
3. Prepare the company’s income statement for 20x4.
4. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: sales revenue was $1,580,000, applied manufacturing overhead was $430,000, and utilities amounted to $49,000.



$1.99
Sales2
Views178
Comments0
  • CreatedApril 22, 2014
  • Files Included
Post your question
5000