x how w eTextbook: Managerial Accounting Quick Tow Search Annotations Accessibility Bookmark PR 1-4A. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Obj. 3 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May Rain Company $ 100.000 Yakima Company $ 41.200 50.000 710.000 More intory, May Materialelory, May 31 Mars purchased Cost of Grect materials used in production Director Factory overhead Toining costs incumed in May 950,000 935.500 2.860.000 1,800,000 46.000 7.454200 2.060,600 5.995.500 400.000 170,000 10) 382.000 2.491.500 Work in procesa inventory. May Work in process inventory, May 31 Cost of goods anucured Finished goods inventory May Fished goods inventory, May 31 Sales Cost of goods sold 190.000 615.000 596.500 10 9.720.000 14 4.550.000 2.470,000 O 1238 // 8 9 0 P 3 w eTextbook Managerial Accounting TY Quick Tour Price Search And Accessibility mark . 400.000 302.000 1 2491 500 100 000 Work in process inventory, May Work in process evertory, May 31 Cost of goods manufactured Finished sods inventory May 1 Fished goos inventory, May 31 Sales Cost of goods sold Grosso Operating expenses 615.000 506 500 92000 4.550.000 2.470.000 el Net Income 1000 INSTRUCTIONS 1. For both companies, determine the amounts of the missing items (a) through in identifying them by lotter ANSWER 2. Prepare Yakima Company's statement of cost of goods manufactured for May 3. Prepare Yakima Company's income statement for May O If E - 1227 11/20 ader/6adaa81b-520e-4a62-be6b-9c4d36b63f03/page/63a4aef7cafb4cb13fbf9e6f4c2f0479 er P.. The Role and Respo... G Gmail Tackle Warehouse -... eTextbook: Managerial Accounting Yakima Company Rainier Company $ 100,000 Materials inventory, May 1 Materials inventory, May 31 (a) 950,000 938,500 2,860,000 1,800,000 (b) 5,998,500 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 Sales Cost of goods sold Gross profit Operating expenses $ 48,200 50,000 710,000 (a) (b) 446,000 2,484,200 2,660,600 176,400 (c) 2,491,500 190,090 (d) 400,000 382,000 (c) 615,000 596,500 9,220,000 4,550,000 2,470,000 (d) (e) 1,000,000 (0) Net income (0) 1,500,000 O BE DOLL me X Ebooks - Wetreadero X Ebooks - Webrederio X W tennessee wesleyan univers X 3 Homepage /reader/6ad81b-520e-4a62-be6b-9c4d36b63103/page/634ef7cafb4cb13fb19e6f4c210479 derner. The Role and Respo G Gmail adde Warehouse = eTextbook: Managerial Accounting a Print Search Quick Tour 382,000 (c) (c) 2.491,500 190,000 Work in process inventory, May 31 Cost of goods manufactured Finished goods Inventory, May 1 Finished goods inventory, May 31 Sales Cost of goods sold (d) 615,000 596,500 9,220,000 (d) 4,550,000 2,470,000 (e) (c) Gross profit Operating expenses 1,000,000 Net income (1) 1,500,000 INSTRUCTIONS 1. For both companies, determine the amounts of the missing iterlis (a) through (1). identifying them by letter. ANSWER: 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. PR 1-5A. Statement of Cost of Goods Manufactured and income Statement for a Manufacturing O B! DELL x how w eTextbook: Managerial Accounting Quick Tow Search Annotations Accessibility Bookmark PR 1-4A. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Obj. 3 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May Rain Company $ 100.000 Yakima Company $ 41.200 50.000 710.000 More intory, May Materialelory, May 31 Mars purchased Cost of Grect materials used in production Director Factory overhead Toining costs incumed in May 950,000 935.500 2.860.000 1,800,000 46.000 7.454200 2.060,600 5.995.500 400.000 170,000 10) 382.000 2.491.500 Work in procesa inventory. May Work in process inventory, May 31 Cost of goods anucured Finished goods inventory May Fished goods inventory, May 31 Sales Cost of goods sold 190.000 615.000 596.500 10 9.720.000 14 4.550.000 2.470,000 O 1238 // 8 9 0 P 3 w eTextbook Managerial Accounting TY Quick Tour Price Search And Accessibility mark . 400.000 302.000 1 2491 500 100 000 Work in process inventory, May Work in process evertory, May 31 Cost of goods manufactured Finished sods inventory May 1 Fished goos inventory, May 31 Sales Cost of goods sold Grosso Operating expenses 615.000 506 500 92000 4.550.000 2.470.000 el Net Income 1000 INSTRUCTIONS 1. For both companies, determine the amounts of the missing items (a) through in identifying them by lotter ANSWER 2. Prepare Yakima Company's statement of cost of goods manufactured for May 3. Prepare Yakima Company's income statement for May O If E - 1227 11/20 ader/6adaa81b-520e-4a62-be6b-9c4d36b63f03/page/63a4aef7cafb4cb13fbf9e6f4c2f0479 er P.. The Role and Respo... G Gmail Tackle Warehouse -... eTextbook: Managerial Accounting Yakima Company Rainier Company $ 100,000 Materials inventory, May 1 Materials inventory, May 31 (a) 950,000 938,500 2,860,000 1,800,000 (b) 5,998,500 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 Sales Cost of goods sold Gross profit Operating expenses $ 48,200 50,000 710,000 (a) (b) 446,000 2,484,200 2,660,600 176,400 (c) 2,491,500 190,090 (d) 400,000 382,000 (c) 615,000 596,500 9,220,000 4,550,000 2,470,000 (d) (e) 1,000,000 (0) Net income (0) 1,500,000 O BE DOLL me X Ebooks - Wetreadero X Ebooks - Webrederio X W tennessee wesleyan univers X 3 Homepage /reader/6ad81b-520e-4a62-be6b-9c4d36b63103/page/634ef7cafb4cb13fb19e6f4c210479 derner. The Role and Respo G Gmail adde Warehouse = eTextbook: Managerial Accounting a Print Search Quick Tour 382,000 (c) (c) 2.491,500 190,000 Work in process inventory, May 31 Cost of goods manufactured Finished goods Inventory, May 1 Finished goods inventory, May 31 Sales Cost of goods sold (d) 615,000 596,500 9,220,000 (d) 4,550,000 2,470,000 (e) (c) Gross profit Operating expenses 1,000,000 Net income (1) 1,500,000 INSTRUCTIONS 1. For both companies, determine the amounts of the missing iterlis (a) through (1). identifying them by letter. ANSWER: 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. PR 1-5A. Statement of Cost of Goods Manufactured and income Statement for a Manufacturing O B! DELL