Question

In: Accounting

Sales $12,000 Raw Materials Used 2,500 Direct labor 3,000 Allocated overhead Selling and Administrative 4,500 2,500...

Sales

$12,000

Raw Materials Used

2,500

Direct labor

3,000

Allocated overhead

Selling and Administrative

4,500

2,500

Beginning Raw Material Inventory

300

Ending Raw Material Inventory

1,000

Beginning Work-in-Process Inventory

800

Ending Work-in-Process Inventory

300

Beginning Finished Goods Inventory

700

Ending Finished Goods Inventory

400

Required:

  1. Prepare statement of cost of goods manufactured in good form.
  2. Prepare income statement in good form (ignore income tax expense).

Solutions

Expert Solution


ekkarill92 answered 4 months ago
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