Question: If someone could please help me answer question 19-4A I would greatly appreciate it! Company tor the om the records of Clarkson Company for the
If someone could please help me answer question 19-4A I would greatly appreciate it!
Company tor the om the records of Clarkson Company for the P19-4A The following data were taken from the recor PB.AA The following data were taken fro fiscal year ended June 30, 2017. l Accounting $ 4,600 Factory Insurance Factory Machinery a Materials 48,000 39,600 96,000 75,900 19,800 Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash ee.Raw Inventory 7/1/16 Raw Materials 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 32,000 Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable 18,600 139,250 24,460 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2017. P19-5A Empire Company is a manufacturer of smart phones. Its controller resigned in October 2017. An inexperienced assistant accountant has prepared the following income statement for the month of October 2017. October 2017. An inexperienced assistant coutant has prepared the following income EMPIRE COMPANY Income Statement For the Month Ended October 31, 2017 Sales revenue Less: Operating expenses $780,000 Raw materials purchases Direct labor cost Advertising expense Selling and admini $264,000 190,000 0 00n
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