The following information is available for Elliot Company. Prepare an income statement through gross profit. January 1,
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Prepare an income statement through gross profit.
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January 1, 2013 2013 December 31, 2013 Raw materials inventory $26,000 $30,000 Work in process inventory 13,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased $170,000 Direct labor 220,000 Manufacturing overhead 180,000 Sales 800,000
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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