Question

In: Accounting

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $347,000 $435,000 Work in process 627,000 590,600 Finished goods 608,200 571,000 December 31 Advertising expense $ 295,200 Depreciation expense-office equipment 44,400 Depreciation expense-factory equipment 55,000 Direct labor 669,600 Heat, light, and power-factory 22,480 Indirect labor 76,750 Materials purchased 658,600 Office salaries expense 185,300 Property taxes-factory 18,200 Property taxes-office building 32,400 Rent expense-factory 32,500 Sales 3,016,000 Sales salaries expense 419,000 Supplies-factory 15,900 Miscellaneous costs-factory 9,600 Required:

a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign.*

b. Prepare the 20Y8 income statement. *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

Solutions

Expert Solution

ekkarill92 answered 2 weeks ago
Next > < Previous

Related Solutions

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $78,750 $94,450 Work in process 108,600 96,800 Finished goods 113,750 109,100 December 31 Advertising expense $ 69,000 Depreciation expense-office equipment 22,750 Depreciation expense-factory equipment 14,860 Direct labor 184,350 Heat, light, and power-factory 5,950 Indirect labor 24,600 Materials purchased 122,200 Office salaries expense 77,750 Property taxes-factory 4,170 Property taxes-office building 13,200 Rent expense-factory 6,675 Sales 862,000 Sales salaries expense 138,500 Supplies-factory 5,000 Miscellaneous costs-factory 5,280...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $44,250 $31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 December 31 Advertising expense $ 400,000 Depreciation expense-office equipment 30,000 Depreciation expense-factory equipment 80,000 Direct labor 1,100,000 Heat, light, and power-factory 53,300 Indirect labor 115,000 Materials purchased 556,600 Office salaries expense 318,000 Property taxes-factory 40,000 Property taxes-office building 25,000 Rent expense-factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies-factory 9,500 Miscellaneous costs-factory 11,400...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $352,000 $436,200 Work in process 632,000 590,800 Finished goods 606,200 574,000 December 31 Advertising expense $ 295,400 Depreciation expense-office equipment 43,800 Depreciation expense-factory equipment 56,340 Direct labor 669,400 Heat, light, and power-factory 22,220 Indirect labor 77,000 Materials purchased 659,200 Office salaries expense 185,300 Property taxes-factory 18,500 Property taxes-office building 31,600 Rent expense-factory 33,000 Sales 3,015,000 Sales salaries expense 418,000 Supplies-factory 15,200 Miscellaneous costs-factory 9,700...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $44,250 $31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 December 31 Advertising expense $ 400,000 Depreciation expense-office equipment 30,000 Depreciation expense-factory equipment 80,000 Direct labor 1,100,000 Heat, light, and power-factory 53,300 Indirect labor 115,000 Materials purchased 556,600 Office salaries expense 318,000 Property taxes-factory 40,000 Property taxes-office building 25,000 Rent expense-factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies-factory 9,500 Miscellaneous costs-factory 11,400...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $345,000 $436,800 Work in process 634,600 591,600 Finished goods 607,800 575,500 December 31 Advertising expense $ 294,800 Depreciation expense-office equipment 42,000 Depreciation expense-factory equipment 55,940 Direct labor 669,000 Heat, light, and power-factory 22,100 Indirect labor 78,500 Materials purchased 658,000 Office salaries expense 185,900 Property taxes-factory 19,000 Property taxes-office building 31,800 Rent expense-factory 32,300 Sales 3,010,000 Sales salaries expense 416,000 Supplies-factory 15,300 Miscellaneous costs-factory 9,300...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $77,600 $93,600 Work in process 109,000 96,700 Finished goods 112,000 109,900 December 31 Advertising expense $ 69,000 Depreciation expense-office equipment 23,000 Depreciation expense-factory equipment 14,000 Direct labor 186,700 Heat, light, and power-factory 5,900 Indirect labor 24,860 Materials purchased 123,200 Office salaries expense 75,800 Property taxes-factory 4,005 Property taxes-office building 12,600 Rent expense-factory 6,375 Sales 862,000 Sales salaries expense 135,000 Supplies-factory 3,500 Miscellaneous costs-factory 4,620...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $78,900 $93,850 Work in process 109,800 95,500 Finished goods 113,750 109,000 December 31 Advertising expense $ 68,200 Depreciation expense-office equipment 21,000 Depreciation expense-factory equipment 14,780 Direct labor 186,800 Heat, light, and power-factory 5,650 Indirect labor 24,700 Materials purchased 123,600 Office salaries expense 74,900 Property taxes-factory 4,000 Property taxes-office building 13,800 Rent expense-factory 6,550 Sales 862,500 Sales salaries expense 138,500 Supplies-factory 2,750 Miscellaneous costs-factory 5,120...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials...
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $44,250 $31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 December 31 Advertising expense $ 400,000 Depreciation expense-office equipment 30,000 Depreciation expense-factory equipment 80,000 Direct labor 1,100,000 Heat, light, and power-factory 53,300 Indirect labor 115,000 Materials purchased 556,600 Office salaries expense 318,000 Property taxes-factory 40,000 Property taxes-office building 25,000 Rent expense-factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies-factory 9,500 Miscellaneous costs-factory 11,400...
The following information is available for Shanika Company for 2016: Inventories January 1 December 31 Materials...
The following information is available for Shanika Company for 2016: Inventories January 1 December 31 Materials $ 77,350 $ 95,550 Work in process 109,200 96,200 Finished goods 113,750 100,100 December 31 Advertising expense $ 68,250 Depreciation expense-office equipment 22,750 Depreciation expense-factory equipment 14,560 Direct labor 186,550 Heat, light, and power-factory 5,850 Indirect labor 23,660 Materials purchased 123,500 Office salaries expense 77,350 Property taxes-factory 4,095 Property taxes-headquarters building 13,650 Rent expense-factory 6,825 Sales 864,500 Sales salaries expense 136,500 Supplies-factory 3,250 Miscellaneous...
The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials...
The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $206,620 $252,080 Work in process 371,920 342,830 Finished goods 357,450 350,390 Advertising expense $171,160 Depreciation expense-office equipment 24,200 Depreciation expense-factory equipment 32,520 Direct labor 388,200 Heat, light, and power-factory 12,860 Indirect labor 45,370 Materials purchased 380,640 Office salaries expense 132,850 Property taxes-factory 10,590 Property taxes-headquarters building 21,930 Rent expense-factory 17,900 Sales 1,782,210 Sales salaries expense 218,810 Supplies-factory 8,820 Miscellaneous costs-factory 5,550 Required: 1. Prepare...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT