Question: 11.282018 LAST EXAMINATION, BUS 212 FALL 2018 1. Prepare a manufacturing schedule and a multiple step income statement using the cost data of James Jones
11.282018 LAST EXAMINATION, BUS 212 FALL 2018 1. Prepare a manufacturing schedule and a multiple step income statement using the cost data of James Jones during the month of June, 2015 Direct Labor $400,000 Materials purchased during the month of June, 2015$300,000 Material purchases returns Material Purchases Discount Materials Transportation In Materials, June1 Work-in process, June 1 Materials June 30, end of month Work-in process, June 30 Finished goods inventory, June 1 $1,000 $600 $700 250,000 $140,000 $170,000 $160,000 $100,000 $115,000 $5,000 $10,000 $20,000 $3,000,000 $150,000 $40,000 $25,000 $40,000 $30,000 $7,000 $6,000 $6,500 $11,000 $2,500 $1,500 Finished goods inventory, June 30 Sales Commission Advertising expense Administrative Expenses Sales Sales Returns and Allowances Sales Discount Transportation-out Indirect Labor Cost Factory machinery depreciation Factory heat, light, and power Factory supplies Factory building property taxes Factory miscellaneous expenses Interest Income Gain on Sale of Furniture S 500 Loss on Sale of Equipment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
