Question: A B C D E F G H 4 3 Kess: Work in Process Ending Inventory 4 4 4 5 2 . Prepare an Income

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43 Kess: Work in Process Ending Inventory
44
452. Prepare an Income Statement for internal purposes.
46 Note: Enter all amounts as positive values.
47
48
49
Cost of Goods Sold:
53
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
58 Gross Profit
59 Ress: Overapplied Overhead
60 selling and Administrative Expense
61 Net Operating Income
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63
64
65 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.
66 Nothing in this area will be graded, but it will be submitted with your assignment.
67
The following accounts contain information about January's production for Brotto Bold Industries.
\table[[3,],[4,Raw Materials],[5,Debit,Credit,],[6,24,785,75,696,],[7,68,541,,],[8,17,630,,],[9,,,],[10,Work In Process,,],[11,,,],[12,29,856,,],[13,68,542,,],[14,44,150,157,852,],[15,41,174,,],[16,25,870,,],[17,,,]]
\table[[Direct Materials],[Debit,Credit],[68,542,68,542],[,],[,]]
\table[[Finished Goods],[Debit,Credit],[32,585,174,585],[157,852,],[,],[,],[15,852,]]
\table[[Selling and Admin Expense],[Debit,Credit],[29,875,],[11,462,],[41,337,]]
\table[[Manufacturing Overhead],[Debit,Credit],[7,154,41,174],[34,578,],[558,]]
Required:
51. Prepare a Schedule of Cost of Goods Manufactured.
A
B
C
D
E
F
G
H
43 Kess: Work in Process Ending Inventory
44
452. Prepare an Income Statement for internal purposes.
46 Note: Enter all amounts as positive values.
47
48
49
Cost of Goods Sold:
53
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
58 Gross Profit
59 Ress: Overapplied Overhead
60 selling and Administrative Expense
61 Net Operating Income
62
63
64
65 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.
66 Nothing in this area will be graded, but it will be submitted with your assignment.
67
23
Required:
Prepare a Schedule of Cost of Goods Manufactured.
Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.
27
28, Brotto Bold Industries
29 Schedule of Cost of Goods Manufactured
30 For the Month Ended January 31,20XX
31 Raw Materials:
32 Finished Goods Beginning Inventory
33 Raw Materials Purchases
34 Raw Materials Available for Use
35 Less: Raw Materials Ending Inventory
36 Less: Raw Materials for General Factory Use
37 Direct Labor
38 Direct Materials Used
39 Cost of Goods Manufactured
40 Total Current Manufacturing Costs
41 Nork in Process Beginning Inventory
42 Nork in Process Beginning Inventory
43 Ress: Work in Process Ending Inventory
44
452. Prepare an Income Statement for internal purposes.
46 Note: Enter all amounts as positive values.
The following accounts contain information about January's production for Brotto Bold Industries.
\table[[3,],[4,Raw Materials],[5,Debit,Credit,],[6,24,785,75,696,],[7,68,541,,],[8,17,630,,],[9,,,],[10,Work In Process,,],[11,,,],[12,29,856,,],[13,68,542,,],[14,44,150,157,852,],[15,41,174,,],[16,25,870,,],[17,,,]]
\table[[Direct Materials],[Debit,Credit],[68,542,68,542],[,],[,]]
\table[[Finished Goods],[Debit,Credit],[32,585,174,585],[157,852,],[,],[,],[15,852,]]
\table[[Selling and Admin Expense],[Debit,Credit],[29,875,],[11,462,],[41,337,]]
\table[[Manufacturing Overhead],[Debit,Credit],[7,154,41,174],[34,578,],[558,]]
Required:
51. Prepare a Schedule of Cost of Goods Manufactured.
23
Required:
Prepare a Schedule of Cost of Goods Manufactured.
Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.
27
28, Brotto Bold Industries
29 Schedule of Cost of Goods Manufactured
30 For the Month Ended January 31,20XX
31 Raw Materials:
32 Finished Goods Beginning Inventory
33 Raw Materials Purchases
34 Raw Materials Available for Use
35 Less: Raw Materials Ending Inventory
36 Less: Raw Materials for General Factory Use
37 Direct Labor
38 Direct Materials Used
39 Cost of Goods Manufactured
40 Total Current Manufacturing Costs
41 Nork in Process Beginning Inventory
42 Nork in Process Beginning Inventory
43 Ress: Work in Process Ending Inventory
44
452. Prepare an Income Statement for internal purposes.
46 Note: Enter all amounts as positive values.
A
B
C
D
E
F
G
H
43 Kess: Work in Process Ending Inventory
44
452. Prepare an Income Statement for internal purposes.
46 Note: Enter all amounts as positive values.
47
48
49
Cost of Goods Sold:
53
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
58 Gross Profit
59 Ress: Overapplied Overhead
60 selling and Administrative Expense
61 Net Operating Income
62
63
64
65 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.
66
A B C D E F G H 4 3 Kess: Work in Process Ending

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