Consider the following account balances (in thousands) for the Rouse Company: Required: 1. Prepare a schedule for
Question:
Consider the following account balances (in thousands) for the Rouse Company:
Required:
1. Prepare a schedule for the cost of goods manufactured for 2013.
2. Revenues for 2013 were $ 265 million. Prepare the income statement for2013.
Transcribed Image Text:
Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation plant, building, and equipment Repairs and maintenance -plant Marketing, distribution, and customer-service costs General and administrative costs Beginning of 2013End of 2013 28,000 22,000 25,000 73,000 24,000 18,000 6,000 17,000 2,000 111.000 36,000 27,000 29,000 16,000
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Related Book For
Managerial Accounting Decision Making and Motivating Performance
ISBN: 978-0137024872
1st edition
Authors: Srikant M. Datar, Madhav V. Rajan
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