Question: 1. Prepare a manufacturing schedule and an income statement using the cost data of Jason George Jordan during the month of June, 2015 Direct Labor
1. Prepare a manufacturing schedule and an income statement using the cost data of Jason George Jordan during the month of June, 2015 Direct Labor Materials purchased during the month of June, 2015 $370,000 $405,000 $1,500 $500 Material purchases returns Material Purchases Discount $1,000 Materials Transportation in Materials, June 1 Work-in process, June 1 Materials June 30, end of month Work-in process, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 Sales Commission $200,000 $142,000 $180,000 $159,000 $110,000 $125,000 $5,000 $10,000 $25,000 $800,000 $100,000 $50,000 $25,000 $40,300 $25,000 Advertising expense Administrative Expenses Sales Sales Returns and Allowances Sales Discount Transportation-out Indirect Labor Cost Factory machinery depreciation Factory heat, light, and power $3,000 Factory supplies Factory building property taxes $8.500 56 000 511,000 Factory miscellaneous expenses
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
