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
A
B
C
D
E
F
G
H
Kess: Work in Process Ending Inventory
Prepare an Income Statement for internal purposes.
Note: Enter all amounts as positive values.
Cost of Goods Sold:
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
Gross Profit
Ress: Overapplied Overhead
selling and Administrative Expense
Net Operating Income
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.
Nothing in this area will be graded, but it will be submitted with your assignment.
The following accounts contain information about January's production for Brotto Bold Industries.
tableRaw MaterialsDebit,Credit,Work In Process,,
tableDirect MaterialsDebitCredit
tableFinished GoodsDebitCredit
tableSelling and Admin ExpenseDebitCredit
tableManufacturing OverheadDebitCredit
Required:
Prepare a Schedule of Cost of Goods Manufactured.
A
B
C
D
E
F
G
H
Kess: Work in Process Ending Inventory
Prepare an Income Statement for internal purposes.
Note: Enter all amounts as positive values.
Cost of Goods Sold:
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
Gross Profit
Ress: Overapplied Overhead
selling and Administrative Expense
Net Operating Income
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.
Nothing in this area will be graded, but it will be submitted with your assignment.
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.
Brotto Bold Industries
Schedule of Cost of Goods Manufactured
For the Month Ended January XX
Raw Materials:
Finished Goods Beginning Inventory
Raw Materials Purchases
Raw Materials Available for Use
Less: Raw Materials Ending Inventory
Less: Raw Materials for General Factory Use
Direct Labor
Direct Materials Used
Cost of Goods Manufactured
Total Current Manufacturing Costs
Nork in Process Beginning Inventory
Nork in Process Beginning Inventory
Ress: Work in Process Ending Inventory
Prepare an Income Statement for internal purposes.
Note: Enter all amounts as positive values.
The following accounts contain information about January's production for Brotto Bold Industries.
tableRaw MaterialsDebit,Credit,Work In Process,,
tableDirect MaterialsDebitCredit
tableFinished GoodsDebitCredit
tableSelling and Admin ExpenseDebitCredit
tableManufacturing OverheadDebitCredit
Required:
Prepare a Schedule of Cost of Goods Manufactured.
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.
Brotto Bold Industries
Schedule of Cost of Goods Manufactured
For the Month Ended January XX
Raw Materials:
Finished Goods Beginning Inventory
Raw Materials Purchases
Raw Materials Available for Use
Less: Raw Materials Ending Inventory
Less: Raw Materials for General Factory Use
Direct Labor
Direct Materials Used
Cost of Goods Manufactured
Total Current Manufacturing Costs
Nork in Process Beginning Inventory
Nork in Process Beginning Inventory
Ress: Work in Process Ending Inventory
Prepare an Income Statement for internal purposes.
Note: Enter all amounts as positive values.
A
B
C
D
E
F
G
H
Kess: Work in Process Ending Inventory
Prepare an Income Statement for internal purposes.
Note: Enter all amounts as positive values.
Cost of Goods Sold:
Cost of Goods Sold
Sales Revenue
Preliminary Cost of Goods Sold
Cost of Goods Sold
Gross Profit
Ress: Overapplied Overhead
selling and Administrative Expense
Net Operating Income
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.
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