Question: ae we A B c D G H 1 2 The following accounts contain information about January's production for Brotto Bold Industries. 4 4 Raw

ae we A B c D G H 1 2 The following accountsae we A B c D G H 1 2 The following accounts
ae we A B c D G H 1 2 The following accounts contain information about January's production for Brotto Bold Industries. 4 4 Raw Materials Direct Materials Direct Labor 5 Debit Credit Debit Credit Debit Credit 6 24,785 75,696 68,542 68,542 39,965 7 68,541 4,185 8 17,630 44,150 9 10 Work In Process Finished Goods Cost of Goods Sold 11 Debit Credit Debit Credit Debit Credit 12 79,856 157,852 32,585 174,585 174,585 13 68,542 157,852 14 44,150 15 41,174 16 25,870 15,852 174,585 7 18 Sales Revenue Selling and Admin Expense Manufacturing Overhead 19 Debit Credit Debit Credit Debit Credit 20 256,963 29,875 7,154 41,174 21 11,462 34,578 22 256,963 41,337 558 23 24 Required: \" should be input and displayed as positive values. 2 28 29 30 31 | Raw Materials: 32 F Raw Materials Beginning Inventory 33 F Raw Materials Purchases 4) Raw Materials Available for Use 93,326 35 F Less: Raw Materials Ending Inventory (17,630) 36 F af F a8 39 F 40 Total Current Manufacturing Costs 41 FWork in Process Beginning Inventory 42 "less: Work in Process Ending Inventory 43 Kost of Goods Manufactured 44 452. Prepare an Income Statement for internal purposes. 45 |Note: Enter all amounts as positive values. 47 48 49 50 51 Sales Revenue Fr 256,963 52 |Cost of Goods Sold: 53 Finished Goods Beginning Inventory F 54 F Cost of Goods Manufactured Fr 55 F Less: Finished Goods Ending Inventory Fr 56 Preliminary Cost of Goods Sold Fr F F F Fr r (17,630) 5? F 58 Morass Profit 59 Selling and Administrative Expense 60 F 61 Net Operating Income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!