The following information appears in HASF records for last year Administrative cost 80,000 Manufacturing building depreciation 14,000
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information appears in HASF records for last year
Administrative cost 80,000
Manufacturing building depreciation 14,000
Indirect materials and supplies 17,600
Raw material inventory Jan 1 36,800
Direct labor 91,200
Raw material inventory Dec 31 38,000
Finished goods inventory January 1 71,800
Finished goods inventory Dec 31 48,000
Raw material purchases 44,600
Work in process Dec 31 26,200
Supervisory and indirect labor 28,800
Plant utilities and power 47,000
Work in process Jan -1 30,800
Sales Revenue 420,800
Selling Marketing exp 15,000
Prepare an income statement with a supporting schedule of cost of goods manufactured and cost of goods sold
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date: