For each of the following account balances for a manufacturing company, place a ( in the appropriate
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For each of the following account balances for a manufacturing company, place a ( in the appropriate column indicating that it appears on the balance sheet, the income statement, the manufacturing statement, and/or a detailed listing of factory overhead costs. Assume that the income statement shows the calculation of cost of goods sold and the manufacturing statement shows only the total amount of factory overhead. (An account balance can appear on more than onereport.)
Transcribed Image Text:
Balance Income Manufacturing Overhead Statement Report Account Statement Accounts receivable Computer supplies used in office Beginning finished goods inventory Beginning goods in process inventory Beginning raw materials inventory Cash Depreciation expense-Factory building Depreciation expense-Factory equipment Depreciation expense-Office building Depreciation expense-Office equipment Direct labor Ending finished goods inventory Ending goods in process inventory Ending raw matenals inventory Factory maintenance wages Computer supplies used in factory ncome taxes nsurance on factory building Rent cost on office building Office supplies used Property taxes on factory building Raw materials purchases Sales
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