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

Question:

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


The following data were taken from the records of Moxie


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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