The following data refer to San Fernando Fashions Company for the year 20x2: Sales revenue $ 1,050,000
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Question:
The following data refer to San Fernando Fashions Company for the year 20x2:
Sales revenue | $ | 1,050,000 | |
Work-in-process inventory, December 31 | 30,000 | ||
Work-in-process inventory, January 1 | 32,000 | ||
Selling and administrative expenses | 150,000 | ||
Income tax expense | 80,000 | ||
Purchases of raw material | 160,000 | ||
Raw-material inventory, December 31 | 25,000 | ||
Raw-material inventory, January 1 | 40,000 | ||
Direct labor | 180,000 | ||
Utilities: plant | 40,000 | ||
Depreciation: plant and equipment | 40,000 | ||
Finished-goods inventory, December 31 | 50,000 | ||
Finished-goods inventory, January 1 | 20,000 | ||
Indirect material | 8,000 | ||
Indirect labor | 12,000 | ||
Other manufacturing overhead | 60,000 | ||
2. Prepare San Fernando Fashions’ schedule of cost of goods sold for the year.
Answer is complete but not entirely correct.
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