Question: Following is partial operating information for TWD Corp for the year ended December 2 0 2 5 Operating information for the year ended December 3

Following is partial operating information for TWD Corp for the year ended December 2025
Operating information for the year ended December 31,2025.
Accounts Amount ($s)
Depreciation of manufacturing equipment 120,000
Depreciation of office equipment 60,000
Direct manufacturing labor 150,000
Direct Materials Control (01/01/2025)50,000
Direct Materials Control (12/31/2025)30,000
Direct materials purchased 340,000
Finished Goods Inventory Control (01/01/2025)55,000
Finished Goods Inventory Control (12/31/2025)45,000
General office expenses 100,000
Indirect manufacturing labor 25,000
Plant safety costs 80,000
Manufacturing plant utilities 95,000
Marketing and distribution costs 64,500
Miscellaneous manufacturing plant overhead 50,000
Property taxes on manufacturing plant building 20,000
Sales Commision 75,000
Sales Revenue 2,150,000
Salespersons' company vehicle costs 18,000
Work-In-Process Inventory Control (01/01/2025)135,000
Work-In-Process Inventory Control (12/31/2025)125,000
Task 1: Generate Summary /Support schedules
Use direct references (linking) to cells in the Data worksheet to create a summary schedules for:
Direct Materials Used in Production
Manufacturing Overhead Costs
Selling General and Administrative expenses
Task 2: Complete the Cost of Goods Manufactured Schedule
Use the "vlookup" formula to obtain the values for the direct manufacturing labor, beginning and ending WIP balances from the Data Worksheet.
Task 3: Complete the Cost of Goods Sold Schedule
Use the vlookup formula to obtain the values for the beginning and ending Finished Goods Inventory from the Data Worksheet
Task 4: Generate an Income Statement
Generate an Income Statement for TWD for the year ending 12/31/2025
Task 5: Recreate T-Accounts
Use the information you have generated in Tasks 1-4 to construct the T-Accounts for: Direct Materials Control, WIP Control, and FGI Control.

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