manufacturer, set ent asset sec- e two compa- Chapter 18 Managerial Accounting andPrinciples concepts the data in Exercise 18-8 to prepare an income statement and the current assets section of the balance E for each company. Ignore income taxes. Prepare financial 791 Refer to the data in Exercise 18 statements for a P2 Compute the total prime costs manufacturer CA and (2) conversion costs for each Exercise 18-10 Compute cost goods sold for each of these Cost classification (2 of two companies for the year ended December 31.2015. Exercise 18-11 Cost of goods sold Precision Unimat Manufacturing 3 Beginning inven d Merchandise $275,000 5 Finished goods $450,000 6 Cost of purchases 500,000 7 Cost of goods manufactured 8 Ending inventory Merchandise 115,000 to Finished good 375,000 For each of the following accounts for a manufacturing company, place a in the appropriate column Exercise 18-12 indicating that it appears on the balance sheet, the income statement, the schedule of cost of goods manu- Components of factured, and/or a detailed listing of factory overhead costs. Assume that the income statement shows the accounting reports cekulation of cost of goods sold and the schedule of cost of goods manufactured shows only he total P2 amount of factory overhead (An account can appear on more than one report.)