Question: need help with the one i missed. please do it with an explanation. Cost and sales information for the most recent scal year are shown


need help with the one i missed. please do it with an explanation.



Cost and sales information for the most recent scal year are shown below: \"ELISE RIVER mm Cost and Sales Information For the fear Ended December 31 Purchases of raw materials $ Q,5 Raw materials inventory, beginning l,5 Raw materials inventory, ending 1T,SDD Depreciation, factory 42,3D Insurance, factory 5, Direct labour E,5 Maintenance, factory 3, Administrative expense T,23 Sales 455, Utilities, factory 2T, Supplies, factory l, Selling expense 30,2D Advertising expense E,2 Indirect labour, factory 65, Work in process inventory, beginning T,D Work in process inventory, ending 3, Finished goods inventory, beginning 1, Finished goods inventory, ending 4D, I AnSWET IS HUL CUMPICLE. WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials inventory, beginning $ 10,500 Add: Purchases of raw materials 90,500 Raw materials available for use 101,000 Add: Raw materials inventory, ending X (17,500) Raw materials used in production $ 83,500 Direct labour 60,500 Manufacturing overhead: Maintenance, factory 42,300 X 5,000 30,000 x 1,000 65,000 Total overhead costs 143,300 Total manufacturing costs 287,300 Add: Work in process inventory, January 1 V 7,000 294,300 30,000) Cost of goods manufactured $ 264,3002. Prepare an income statement. 9 Answer Is not: complete. a: E 3 0 455.13% 0 Cost of goods sold: Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Deduot: Finished goods ' mom a 291,300 0 4|],ti o in ii :I III 0 193,?0'3! Selling and administrative expenses: BI] QED 0 2|] RED a TI] RED 0 Selling expense Advertising expense Administrative expense 1 i' 23,10'2
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