Question: English version * * P 1 - 9 Data Analysis; Production Statement * * Glasson Manufacturing Co . manufactures only one product. You have obtained

English version **P1-9 Data Analysis; Production Statement** Glasson Manufacturing Co. manufactures only one product. You have obtained the following information from the corporation's books and records for the current year ending December 31,2016: a. Total cost of production during the year was $1,000,000, including direct materials, direct labor, and manufacturing overhead. b. Cost of goods manufactured during the year was $970,000. c. Manufacturing overhead charged to Work in Process was 75% of direct labor cost and 27% of total production cost. d. Beginning Work in Process inventory on January 1 was 40% of ending Work in Process inventory on December 31. e. Purchases of materials were $400,000, and the ending balance in Materials inventory was $60,000. No indirect materials were used in production. **The following is required:** Prepare a cost of production statement for the period for the year ending December 31 for Glasson Manufacturing. (Hint: Prepare a cost of production statement for the period and place the given information in the appropriate spaces and obtain the information that is not known.)--- Spanish version P1-9 Anlisis de datos; estado de produccin Glasson Manufacturing Co. fabrica slo un producto. Usted ha obtenido la siguiente informacin de los libros de la corporacin y los registros del ao actual que concluye el 31 de diciembre de 2016: a. El costo total de produccin durante el ao fue de $1,000,000, incluyendo materiales directos, mano de obra directa y gastos indirectos de fabricacin. b. El costo de productos manufacturados durante el ao fue de $970,000. c. Los gastos indirectos de fabricacin cargados a Produccin en proceso fueron de 75% del costo de mano de obra directa y 27% del costo total de produccin. d. El inventario inicial de Produccin en proceso, el 1 de enero, fue de 40% del inventario final de Produccin en proceso, el 31 de diciembre. e. Las compras de materiales fueron de $400,000 y el saldo final en inventario de Materiales fue de $60,000. Ningn material indirec- to se us en la produccin. Se requiere lo siguiente: Elabore un estado del costo de produccin del periodo para el ao que concluye el 31 de diciembre para Glasson Manufacturing. (Sugerencia: Elabore un estado del costo de produccin del periodo y ubique la informacin dada en los espacios adecuados y obtenga la informacin que no se conoce).
English version * * P 1 - 9 Data Analysis;

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