The following data were taken from the records of Goodman Manufacturing Company for the year ended December

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The following data were taken from the records of Goodman Manufacturing Company for the year ended December 31, 2012.

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Instructions(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)(b) Prepare an income statement through gross profit.(c) Prepare the current assets section of the balance sheet at December31.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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