Question: please complete the following part A, B, C Instructions Several terms are omitted from the income statement and cost of.900ds mortactured statement data for two






Instructions Several terms are omitted from the income statement and cost of.900ds mortactured statement data for two different companies for the month of Muy 1 Rainier Company Yakima Company $281.960.00 $179,000.00 178.000.00 712,200.00 341,200.00 ) 751.600.00 1,059,200.00 b) 325.000.00 b) Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production 6 Direct labor Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 Cost of goods manufactured 11 Finished goods inventory, May 1 * Finished goods inventory, May 31 11 Sales 2.677600.00 541,000.00 180,400.00 1,052,000.00 1475.500.00 443,500.00 cd 1.025,500.00 205,000.00 452.000.00 ( 478,200.00 495,400.00 4144.000.00 (0) 1.671.000.00 1,055,500.00 Cost of goods sold Next 452,000.00 19 (o 1,025,500.00 205.000.00 478,200,00 495,400.00 id) Instructions POCA It Work in process inventory, May 31 12 Cost of goods manufactured 11 Finished goods inventory, May 1 Finished goods inventory, May 31 15 Sales 14 Cost of goods sold 17 Gross profit 10 Operating expenses 1 Net Income 4144,000.00 1,671.000.00 1,053,500.00 te) ce) 545,000.00 382,900.00 Required: a Determine the amounts of the missing items, identifying them by letter Enter all arounts as positive numbers b. Prepare Yakima Company's statement of cost of goods manufactured for May Be sure to complete the statement heading. Peter to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign c. Prepare Yakima Company's income statement for May Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Entor amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Netloss should be negative Expenses should be positive Lables and Amount Descriptions Labels For the Month Ended May 31 For the Year Ended May 31 Amount Descriptions Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Net loss Operating expenses Purchases Lables and Amount Descriptions Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Net loss Operating expenses Purchases Sales Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Starting Question a Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Yakima Company Rainier Company $242,560 a. $342,200 b. 2,136,600 509,400 450,000 C. d. d 177,000 e 617,500 234,600 Feedback Statement of Cost of Goods Manufactured Shaded calls have feedback. b. Prepare Yukimur Company's statement of cost of goods manufactured for May Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Score: 38/122 Yakima Company Statement of Cost of Goods Manufactured For the Month Ended May 31 1 Direct materials $179,000.00 8 7 Factory overhead 10 $1,475,500.00 Total manufacturing costs 12 Work in process inventory, May 31 13 Cost of goods manufactured $1,025,500.00 Income Statement Shaded cells have feedback c. Prepare Yakima Company's incorno statement for May Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Not loss should bo negative. Expenses should be positive. Yakima Company Score: 75/92 Income Statement For the Month Ended May 31 1 Sales $1,671,000.00 2 Cost of goods sold: Cost of goods manufactured Finished goods inventory, May 1 5 $1,025,500.00 205,000.00 5 8 Finished goods inventory, May 31 177,000.00 2 1,053,500.00 Gross profit $617,500.00 + Operating expenses 234,600.00 $382.900.00 10 Net Income
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