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Chpt 15 Help Save Ched sheet LO P1, P2, P3, P4 The following information applies to the questions displayed below) Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory and the accrued factory payroll (Factory Wages Payable) has not been recorded Debit Cash Credit Accounts receivable $ 69,000 Raw materials inventory 38,000 24,000 Work in process inventory 0 Finished goods inventory 15,000 Prepaid rent 5,000 Accounts payable $ 10,400 Notes payable 13,400 Common stock 30,000 Retained earnings (prior year) 91,000 Sales 178,200 Cost of goods sold 113,000 Factory overhead 28,000 General and administrative expenses 51,000 Totals $ 343,000 $ 343,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 111 Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: $ 4,700 direct materials to Job 402 $ 7,900 direct materials to Job 404 $ 2,100 indirect materials $ 6,000 direct labor to Job 402 $ 14,000 direct labor to Job 404 $5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Problem 15-3A (Algo) Part 4 ung Bell X-X YouTube p/index.html?_consetembro 2013 tp://www.inc.com A Maps COM xercises & Problems - Chpt 15 5 Problem 15-3A (Algo) Part 4 4. Prepare an income statement for the year and a balance sheet as of December 31. Hint Retained earnings is 590300 the end of the current year. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement. BERGO BAY COMPANY Income Statement For Year Ended December 31 $ Income Balance Sheet > YOU DE Charge pindo.comcontestebro http://www.ne.com Maps Exercises & Problems - Chpt 15 Required information 4. Prepare an income statement for the year and a balance sheet as of December 31. Hire: Retained earnings is on the current year. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a balance sheet as of December 31. BERGO BAY COMPANY Balance Sheet As at December 31 Assets Inventories al assets $ 0 Liabilities Gm Change ext/map/indecenter Maps http://www.inc.com YouTube 4.51 Exercises & Problems - Chpt 15 5 Required information rt 4 of 4 Inventories Total assets 0 ook Liabilities 0 onces Total liabilities Equity Total equity Total liabilities and equity Income Statement balance sheet ube SS X Maps ?_con=con&external_browser=0&iaunchurl=https%253A%252F%252Fims.ml http://www.inc.com/ xl xl Stromae - Papaoutai (Of Exercises & Problems - Chpt 15 di Saved Exercise 15-24 (Algo) Preparing a cost of goods manufactured schedule LO P3 A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 18,820 Work in process $ 12,800 10,200 12,000 Finished goods 13,260 9,430 Activities for the period Raw materials purchases $ 8,900 Direct materials used 14,920 Direct labor used 10,000 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured 6 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit 8 points Complete this question by entering your answers in the tabs below. eBook References Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process 0 Cost of goods manufactured $ 0 Required 2 > 8 points Beginning Endi Raw materials $ 18,820 $ 12.000 Work in process 10,200 12,000 Finished goods 13.260 9.430 Activities for the period Raw materiale perchases 58.900 Direct materials used 14.920 Direct labor used 10.000 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured 2. Compute gross profit. eBook References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit. Gross profit Bell X-X YouTube p/index.html?_consetembro 2013 tp://www.inc.com A Maps COM xercises & Problems - Chpt 15 5 Problem 15-3A (Algo) Part 4 4. Prepare an income statement for the year and a balance sheet as of December 31. Hint Retained earnings is 590300 the end of the current year. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement. BERGO BAY COMPANY Income Statement For Year Ended December 31 $ Income Balance Sheet > YOU DE Charge pindo.comcontestebro http://www.ne.com Maps Exercises & Problems - Chpt 15 Required information 4. Prepare an income statement for the year and a balance sheet as of December 31. Hire: Retained earnings is on the current year. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a balance sheet as of December 31. BERGO BAY COMPANY Balance Sheet As at December 31 Assets Inventories al assets $ 0 Liabilities Gm Change ext/map/indecenter Maps http://www.inc.com YouTube 4.51 Exercises & Problems - Chpt 15 5 Required information rt 4 of 4 Inventories Total assets 0 ook Liabilities 0 onces Total liabilities Equity Total equity Total liabilities and equity Income Statement balance sheet ube SS X Maps ?_con=con&external_browser=0&iaunchurl=https%253A%252F%252Fims.ml http://www.inc.com/ xl xl Stromae - Papaoutai (Of Exercises & Problems - Chpt 15 di Saved Exercise 15-24 (Algo) Preparing a cost of goods manufactured schedule LO P3 A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 18,820 Work in process $ 12,800 10,200 12,000 Finished goods 13,260 9,430 Activities for the period Raw materials purchases $ 8,900 Direct materials used 14,920 Direct labor used 10,000 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured 6 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit 8 points Complete this question by entering your answers in the tabs below. eBook References Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process 0 Cost of goods manufactured $ 0 Required 2 > 8 points Beginning Endi Raw materials $ 18,820 $ 12.000 Work in process 10,200 12,000 Finished goods 13.260 9.430 Activities for the period Raw materiale perchases 58.900 Direct materials used 14.920 Direct labor used 10.000 Overhead applied 11,840 Sales 43,200 1. Prepare a schedule of cost of goods manufactured 2. Compute gross profit. eBook References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit. Gross profit