Question: Plz do it in text format no hand writing Several items are omitted from the income statement and cost of goods manufactured statement data for
Plz do it in text format no hand writing
Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May.
2.Prepare Yakima Companys statement of cost of goods manufactured for May.*
3. Prepare Yakima Companys income statement for May.*
*Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers.








1 Rainier Company Yakima Company 2 Materials inventory, May 1 $100,000.00 $48,200.00 3 Materials inventory, May 31 (a) 50,000.00 4. Materials purchased 950,000.00 710,000.00 5 Cost of direct materials used in production 938,500.00 6 Direct labor 2,860,000.00 (b) 7 Factory overhead 1,800,000.00 446,000.00 8 Total manufacturing costs incurred during May (b) 2,484,200.00 9 Total manufacturing costs 5,998,500.00 2,660,600.00 400,000.00 176,400.00 10 Work in process inventory, May 1 11 Work in process inventory, May 31 382,000.00 (c) 12 Cost of goods manufactured (c) 2,491,500.00 13 Finished goods inventory, May 1 615,000.00 190,000.00 14 Finished goods inventory, May 31 596,500.00 (d) 15 Sales 9,220,000.00 4,550,000.00 16 Cost of goods sold (d) 2,470,000.00 17 Gross profit (e) (e) 18 Operating expenses 1,000,000.00 (f) 19 Net income (f) 1,500,000.00 2. Prepare Yakima Company's statement of cost of goods manufactured for May. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Statement of Cost of Goods Manufactured (Label) 1 2 Direct materials: 3 4 Purchases 5 Cost of materials available for use 6 7 8 Direct labor 9 Factory overhead 10 11 Total manufacturing costs 12 13 Cost of goods manufactured 3. Prepare Yakima Company's income statement for May. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers. Income Statement (Label) 1 2 Cost of goods sold: 3 4 5 6 7 8 9 10
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