University Company produces collegiate apparel. From itsaccounting records, it prepares the following schedule andfinancial statements on a yearly basis.

(a)		Cost of goods manufactured schedule.
(b)		Income statement.
(c)		Balance sheet.

The following items are found in its ledger and accompanyingdata.
For each item, indicate the schedule and/or financial statement(s)in which the item will appear.

1.		Direct labor		BalanceSheetCost of Goods Manufactured Schedule and Balance SheetIncomeStatement and Balance SheetCost of Goods Manufactured ScheduleCostof Goods Manufactured Schedule and Income StatementIncomeStatement
2.		Raw materials inventory, 1/1		IncomeStatement and Balance SheetBalance SheetCost of Goods ManufacturedScheduleCost of Goods Manufactured Schedule and Balance SheetCostof Goods Manufactured Schedule and Income StatementIncomeStatement
3.		Work in process inventory, 12/31		Costof Goods Manufactured Schedule and Balance SheetIncome Statementand Balance SheetCost of Goods Manufactured Schedule and IncomeStatementCost of Goods Manufactured ScheduleIncome StatementBalanceSheet
4.		Finished goods inventory, 1/1		IncomeStatement and Balance SheetCost of Goods Manufactured Schedule andBalance SheetCost of Goods Manufactured ScheduleCost of GoodsManufactured Schedule and Income StatementBalance SheetIncomeStatement
5.		Indirect labor		Costof Goods Manufactured Schedule and Income StatementCost of GoodsManufactured Schedule and Balance SheetCost of Goods ManufacturedScheduleIncome Statement and Balance SheetIncome StatementBalanceSheet
6.		Depreciation on factory machinery		BalanceSheetIncome StatementCost of Goods Manufactured Schedule andBalance SheetIncome Statement and Balance SheetCost of GoodsManufactured Schedule and Income StatementCost of GoodsManufactured Schedule
7.		Work in process, 1/1		IncomeStatement and Balance SheetCost of Goods Manufactured Schedule andIncome StatementCost of Goods Manufactured Schedule and BalanceSheetIncome StatementCost of Goods Manufactured ScheduleBalanceSheet
8.		Finished goods inventory, 12/31		IncomeStatementCost of Goods Manufactured Schedule and BalanceSheetIncome Statement and Balance SheetCost of Goods ManufacturedSchedule and Income StatementCost of Goods ManufacturedScheduleBalance Sheet
9.		Factory maintenance salaries		Costof Goods Manufactured Schedule and Income StatementBalanceSheetCost of Goods Manufactured ScheduleCost of Goods ManufacturedSchedule and Balance SheetIncome StatementIncome Statement andBalance Sheet
10.		Cost of goods manufactured		Costof Goods Manufactured Schedule and Income StatementCost of GoodsManufactured Schedule and Balance SheetCost of Goods ManufacturedScheduleBalance SheetIncome Statement and Balance SheetIncomeStatement
11.		Depreciation on delivery equipment		Costof Goods Manufactured Schedule and Balance SheetCost of GoodsManufactured ScheduleIncome StatementBalance SheetIncome Statementand Balance SheetCost of Goods Manufactured Schedule and IncomeStatement
12.		Cost of goods available for sale		IncomeStatement and Balance SheetCost of Goods Manufactured Schedule andIncome StatementCost of Goods Manufactured ScheduleIncomeStatementCost of Goods Manufactured Schedule and BalanceSheetBalance Sheet
13.		Direct materials used		Costof Goods Manufactured ScheduleIncome StatementCost of GoodsManufactured Schedule and Income StatementBalance SheetCost ofGoods Manufactured Schedule and Balance SheetIncome Statement andBalance Sheet
14.		Heat and electricity for factory		BalanceSheetCost of Goods Manufactured ScheduleIncome StatementCost ofGoods Manufactured Schedule and Balance SheetIncome Statement andBalance SheetCost of Goods Manufactured Schedule and IncomeStatement
15.		Repairs to roof of factory building		Costof Goods Manufactured Schedule and Balance SheetCost of GoodsManufactured Schedule and Income StatementCost of GoodsManufactured ScheduleIncome StatementBalance SheetIncome Statementand Balance Sheet
16.		Cost of raw materials purchases		Costof Goods Manufactured Schedule and Income StatementCost of GoodsManufactured ScheduleCost of Goods Manufactured Schedule andBalance SheetIncome StatementBalance SheetIncome Statement andBalance Sheet

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University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial statements on a yearly basis. (a) Cost of goods manufactured schedule. (b) Income statement. (c) Balance sheet. The following items are found in its ledger and accompanying data. For each item, indicate the schedule and/or financial statement(s) in which the item will appear. 1. Direct labor 2. Raw materials inventory, 1/1 3. Work in process inventory, 12/31 4. Finished goods inventory, 1/1 5. Indirect labor 6. Depreciation on factory machinery 7. Work in process, 1/1 8. Finished goods inventory, 12/31 9. Factory maintenance salaries 10. Cost of goods manufactured 11. Depreciation on delivery equipment 12. Cost of goods available for sale 13. Direct materials used 14. Heat and electricity for factory A ^ University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial statements on a yearly basis. (a) Cost of goods manufactured schedule. (b) Income statement. (c) Balance sheet. The following items are found in its ledger and accompanying data. For each item, indicate the schedule and/or financial statement(s) in which the item will appear. 1. Direct labor 2. Raw materials inventory, 1/1 3. Work in process inventory, 12/31 4. Finished goods inventory, 1/1 5. Indirect labor 6. Depreciation on factory machinery 7. Work in process, 1/1 8. Finished goods inventory, 12/31 9. Factory maintenance salaries 10. Cost of goods manufactured 11. Depreciation on delivery equipment 12. Cost of goods available for sale 13. Direct materials used 14. Heat and electricity for factory A ^