The following information is available for Shanika Company for 20Y6: January 1 December 31 Inventories Materials...
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The following information is available for Shanika Company for 20Y6: January 1 December 31 Inventories Materials Work in process Finished goods $327,900 590,220 567,270 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense $406,600 552,980 565,170 Supplies-factory Miscellaneous costs-factory Required: $276,080 39,030 52,450 626,160 20,740 73,190 613,970 214,280 17,080 35,370 28,870 2,874,660 352,930 14,230 8,950 1. Prepare the 20Y6 statement of cost of goods manufactured. 2. Prepare the 20Y6 income statement. The following information is available for Shanika Company for 20Y6: January 1 December 31 Inventories Materials Work in process Finished goods $327,900 590,220 567,270 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense $406,600 552,980 565,170 Supplies-factory Miscellaneous costs-factory Required: $276,080 39,030 52,450 626,160 20,740 73,190 613,970 214,280 17,080 35,370 28,870 2,874,660 352,930 14,230 8,950 1. Prepare the 20Y6 statement of cost of goods manufactured. 2. Prepare the 20Y6 income statement.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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