Masay Company provided the following information for 2019: Sales Inventories January 1: - Raw materials Goods...
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Masay Company provided the following information for 2019: Sales Inventories January 1: - Raw materials Goods in process Finished goods Inventories - December 31: Raw materials Goods in process Finished goods Purchases Direct labor Indirect labor 7,500,000 200,000 240,000 360,000 280.000 170,000 300,000 3,000,000 950,000 250,000 Superintendence 210,000 Light, heat and power 320,000 Rent factory building 120,000 Repair and maintenance machinery 50,000 Factory supplies used 110,000 Sales salaries Advertising 100,000 160,000 Depreciation store equipment Office salaries 70,000 150,000 Depreciation office equipment Depreciation machinery 40,000 60,000 Sales returns and allowances Interest income 50,000 10,000 Gain on sale of equipment 100,000 Delivery expenses 200.000 Accounting and legal fees 150,000 Office expenses 250,000 Earthquake loss. 300,000 Gain from expropriation of asset 100,000 Income tax expense 320,000 Masay Company provided the following information for 2019: Sales Inventories January 1: - Raw materials Goods in process Finished goods Inventories - December 31: Raw materials Goods in process Finished goods Purchases Direct labor Indirect labor 7,500,000 200,000 240,000 360,000 280.000 170,000 300,000 3,000,000 950,000 250,000 Superintendence 210,000 Light, heat and power 320,000 Rent factory building 120,000 Repair and maintenance machinery 50,000 Factory supplies used 110,000 Sales salaries Advertising 100,000 160,000 Depreciation store equipment Office salaries 70,000 150,000 Depreciation office equipment Depreciation machinery 40,000 60,000 Sales returns and allowances Interest income 50,000 10,000 Gain on sale of equipment 100,000 Delivery expenses 200.000 Accounting and legal fees 150,000 Office expenses 250,000 Earthquake loss. 300,000 Gain from expropriation of asset 100,000 Income tax expense 320,000
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