Question: solve please step by step Thank you Exercise 3 Using the following information related to the activities performed by Beta Manufacturing in 2015: Inventories Work
Exercise 3 Using the following information related to the activities performed by Beta Manufacturing in 2015: Inventories Work in process Materials Finished goods Beginning 8,800 6,800 14,500 Ending 9,000 9,500 8,300 Accounts payable 15,900 Accounts receivable 22,500 Advertising expense 15,200 Depreciation of factory equipment 12,300 Depreciation of office equipment 8,500 Direct labor 124,000 Discount on bond payable 8,800 Income tax 97,000 Indirect labor 13,800 Interest expense 32,800 Interest payable 6,350 Lease of manufacturing equipment 4,850 Own work capitalized 12,000 Plant maintenance 6,800 Prepaid lease expense 850 Purchase of materials 98,500 Research and development expense 12,500 Retained earnings 858,000 Sales commissions expense 13,900 Sales revenue 547,000 Required - Choosing only the appropriate data among those presented above: a) Prepare a statement of cost of goods manufactured for 2015. b) Prepare a statement of cost of goods sold for the same period. c) Prepare an income statement using the cost of goods sold format, clearly showing the gross margin from sales and the operating income. d) Prepare an income statement using the value of production format, clearly showing the operating income
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