Answer is not complete. Complete this question by entering your answers in the tabs below. Req...

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Answer is not complete. Complete this question by entering your answers in the tabs below. Req B CGM Sched Req B Inc Stmt Prepare a schedule of cost of goods manufactured and sold. Req A JORDAN CORPORATION Schedule of cost of goods manufactured and sold For the year ended Year 2 Beginning raw materials inventory Purchases Raw materials available Ending raw materials inventory Raw materials used Beginning work in process inventory Labor Total manufacturing costs Beginning work in process inventory Total work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Goods available for sale Ending finished goods inventory Cost of goods sold O O > ♥ $ $ < Req A 54,200 239,000 293,200 (47,300) 245,900 245,900 245,900 245,900 245,900 245,900 Req B Inc Stmt > Jordan Corporation began fiscal Year 2 with the following balances in its inventory accounts. $54,200 82,900 26,200 Raw Materials Work in Process Finished Goods During the accounting period, Jordan purchased $239,000 of raw materials and issued $248,000 of materials to the production department. Direct labor costs for the period amounted to $322,500, and manufacturing overhead of $47.300 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $610,000 to produce were completed and transferred to Finished Goods Inventory. Goods costing $600,500 were sold for $801,400 during the period. Selling and administrative expenses amounted to $72,000. Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Red A Req B CGM Sched Raw materials Work in process Finished goods Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. Ending Balance 45,200 Req B Inc Stmt $ PRELA Req B COM Sched > Answer is not complete. Complete this question by entering your answers in the tabs below. Req B CGM Sched Req B Inc Stmt Prepare a schedule of cost of goods manufactured and sold. Req A JORDAN CORPORATION Schedule of cost of goods manufactured and sold For the year ended Year 2 Beginning raw materials inventory Purchases Raw materials available Ending raw materials inventory Raw materials used Beginning work in process inventory Labor Total manufacturing costs Beginning work in process inventory Total work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Goods available for sale Ending finished goods inventory Cost of goods sold O O > ♥ $ $ < Req A 54,200 239,000 293,200 (47,300) 245,900 245,900 245,900 245,900 245,900 245,900 Req B Inc Stmt > Jordan Corporation began fiscal Year 2 with the following balances in its inventory accounts. $54,200 82,900 26,200 Raw Materials Work in Process Finished Goods During the accounting period, Jordan purchased $239,000 of raw materials and issued $248,000 of materials to the production department. Direct labor costs for the period amounted to $322,500, and manufacturing overhead of $47.300 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $610,000 to produce were completed and transferred to Finished Goods Inventory. Goods costing $600,500 were sold for $801,400 during the period. Selling and administrative expenses amounted to $72,000. Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Red A Req B CGM Sched Raw materials Work in process Finished goods Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. Ending Balance 45,200 Req B Inc Stmt $ PRELA Req B COM Sched >

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Answer Requirement A Ending Balance Raw materials 45200 Work in process 90700 Finished goods 35700 W... View the full answer