Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost...
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Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured for the year ended December 31; Administrative salaries expense Depreciation expense-Factory equipment Depreciation expense-Delivery vehicles Depreciation expense-Office equipment Advertising expense Direct labor Factory supplies used Income taxes expense Indirect labor Indirect material Factory insurance Factory utilities Factory maintenance Inventories Raw materials inventory, January 1 Raw materials inventory, December 31 Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Raw materials purchases Rent expense-Factory Rent expense-Office space Rent expense-Selling Space Sales salaries expense Sales $ 127,000 42,800 46,200 16,800 25,530 248,000 16,000 90,050 38,000 27,000 17,500 13,000 5,500 35,000 26,000 31,780 37,460 52,970 64,000 335,000 40,000 22,000 26,000 98,500 1,552,000 Raw materials purchases Rent expense-Factory Rent expense-Office space Rent expense-Selling Space Sales salaries expense Sales Sales discounts 335,000 40,000 22,000 26,000 98,500 1,552,000 35,000 Also, -prepare the company's income statement that reports separate categories for selling and general and administrative expenses. Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured for the year ended December 31; Administrative salaries expense Depreciation expense-Factory equipment Depreciation expense-Delivery vehicles Depreciation expense-Office equipment Advertising expense Direct labor Factory supplies used Income taxes expense Indirect labor Indirect material Factory insurance Factory utilities Factory maintenance Inventories Raw materials inventory, January 1 Raw materials inventory, December 31 Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Raw materials purchases Rent expense-Factory Rent expense-Office space Rent expense-Selling Space Sales salaries expense Sales $ 127,000 42,800 46,200 16,800 25,530 248,000 16,000 90,050 38,000 27,000 17,500 13,000 5,500 35,000 26,000 31,780 37,460 52,970 64,000 335,000 40,000 22,000 26,000 98,500 1,552,000 Raw materials purchases Rent expense-Factory Rent expense-Office space Rent expense-Selling Space Sales salaries expense Sales Sales discounts 335,000 40,000 22,000 26,000 98,500 1,552,000 35,000 Also, -prepare the company's income statement that reports separate categories for selling and general and administrative expenses.
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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