18-3 Exercises & Problems Calculator eBook Manufacturing Income Statement, Statement of Cost of Goods Manufactured 1. EX.18-01 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. 2. EX.18-17.ALGO Or Off Company Company 3. EX.18-10.ALGO Materials inventory, December 1 $80,250 $108,340 4. EX.18-16.ALGO Materials inventory, December 31 a 122.420 Materials purchased 203,840 (a) 5. PR.18-04.ALGO direct materials used in production (b) Cost 215,070 Direct labor 302.540 243,770 Factory overhead 93.890 121.340 Total manufacturing costs incurred in December (b) 700,960 Total manufacturing costs 765.580 962.060 Work in process inventory, December 1 154.080 261,100 Work in process inventory, December 31 (c) 130,010 Cost o goods manufactured (C. 694,460 Finished goods inventory, December 135,620 121.340 Finished goods inventory, December 31 142,040 (d) Sales 1,182,890 1,083,400 Cost f goods sold (d) 700.960 Gross profit (e) e) 154,080 Operating expenses Net income (f 240,510 Required: Previous Check My Work 2 more Check My Work uses remaining. Progress: 5/5 items Assignment Score: 80 % All work sayed. Submit Assignment for Grading Email Instructor Save and Exit 18-3 Exercises & Probler eBook Calculator 154.080 Operating expenses 1. EX,18-01 Net income 240,510 2. EX.18-17 ALGO Required: 1. Determine the amounts of the missing Items, Identifying them by letter. Enter all amounts positive numbers. 3. EX.18-10.ALGO On Company Off Company Letter 4. EX.18-16.ALGO a 5, PR.18-04.ALGO b $ d e 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Direct materials Check My Work Previous 2 more Check My Work uses remaining. Progress: 5/5 items Assignment Score: 80 % All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2. Prepare On Company's statement of cost of goods manufactured for December. ALGO On Company Statement of Goods Manufactured Cost ALGO For the Month Ended December 31 ALGO Direct materials: ALGO Total manufacturing costs incurred during December Total manufacturing costs 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: Check My Work Previous 2 more Check My Work uses remaining. 5/5 items Submit Assignment for Grading core: 80% All work sayed Email Instructor Save and Exit 18-3 Exercises & Problems eBook Calculator 1. EX.18-01 2. EX.18-17.ALGO 3. EX.18-10.ALGO Total manufacturing costs incurred during December 4. EX.18-16.ALGO Total manufacturing costs 5. PR.18-04.ALGO 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods spld: Check My Wark Previous 2 more Check My Work uses remaining. Progress: 5/5 items Submit Assignment for Grading Assignment Score: 80% All work sayed. Email Instructor Save and Exit