Question: (W3,15) Sorry this question is long, but I need help completing this question. Starting Question, Statement of Cost of Goods Manufactured,& Income Statement. Lables and









Lables and Amount Descriptions Starting Question Instructions Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May Rainier Company Yakima Company 2 Materials inventory May 1 $280.560.00 $176,000.00 3 Materials inventory May 31 (a) 176,500.00 Materials purchased 712,400.00 340,400.00 3 Cost of direct materials used in production 752.800.00 Direct labor 1.058,000.00 Factory overhead 325.600.00 180.000.00 Instructions 7 Factory overhead 8Total manufacturing costs incurred in May Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 Cost of goods manufactured 15 Finished goods inventory, May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 325,600.00 (b) 2.67-7.200.00 540,800.00 451,800.00 (c) 479,200.00 497.000.00 4.145.000.00 180,000.00 1,034,000.00 1.477,000.00 443,000.00 (c) 1,026,500.00 202.500.00 (d) 1.673.500.00 1.045.000.00 www.Avant Descriptions Starting Question 14 Finished goods inventory, May 51 497,000.00 (d) 15 Sales 4.143.000.00 1,675.500.00 16 Cost of goods sold (d) 1,045,000.00 17 Gross profit (e) (e) 11 Operating expenses 545,000.00 (1) 19 Net income () 381.300.00 Required: a Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers b. Prepare Yakima Company's statement of cost of goods manufactured for May Be sure to complete the statement heading Refer to the list of Instructions: Lables and Amount Descriptions Starting Question 381,300.000 Required: a Determine the amounts of the missing items, identifying them by letter Enter all amounts as positive numbers b. Prepare Yakima Company's statement of cost of goods manufactured for May. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those bdres in which you must enter subtracted or negative numbers use a minus sign c. Prepare Yakima Company's income statement for May Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example Net loss should be negative Expenses should be positive Instructions Net income Instruction Lables and Amount Descriptions 19 No Labels For the Month Ended May 31 For the Year Ended May 31 Amount Descriptions Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Requ a De b. Pre Label subtri c. Pre Desc calcu Instruction Lables and Amount Descriptions Direct labor Factory overhead Finished goods inventory. May 1 Requ Finished goods inventory, May 31 a. De Gross profit b. Pre Materials inventory, May 1 Label Materials inventory, May 31 subtri Net income e Pre Net loss Desc Operating expenses calcu Purchases Sales Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Instruction Lables and Amount Descriptions Ne Starting Question a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Requ a. De Letter Rainier Company Yakima Company b. Pre a $240,160 $339.900 Label b. 2,136,400 514,100 subtri C 2,225,400 450.500 c. Pre d. 2,207,600 184,000 Desc 1.937.400 X 628,500 calcu 1,394,400 X 247,200 Points: m Work in process inventory, May 1 Work in process inventory, May 31 Shaded cells have feedb 10/12 b. Prepare Yakima Company's statement of cost of goods manufactured for May. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Yakima Company Score: 33/122 Statement of Cost of Goods Manufactured (Label) $443.000.00 2 Direct materials: $176.000.00 340,400.00 $516.400.00 176,500.00 te on Statement of Cost of Goods Manufactured 6 1 10 11 12 25 Feedback $516.400.00 176,500.00 $339,900.00 $14,100.00 180,000.00 Shaded cells have feedback 1.034,000.00 Points 676/25 Statement of Cost of Goods Manufactured Income Statement Shaded ces have feedback c. Prepare Yakima Company's income statement for May. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Net loss should be negative Expenses should be positive Yakima Company Score: 10/92 Income Statement (Label) $1.673,500.00 1 Sales 2 Cost of goods sold 3 Gross profit + Operating expenses Net income Next Check My Work $1.045,000.00 628,500.00 $381.300.00 Previous
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