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Cost of Goods sold; Income Statement. Te followin data pertain to Babor Company for the fiscal...

Cost of Goods sold; Income Statement. Te followin data pertain to Babor Company
for the fiscal year ended December 31:
Prior December 31 Current December 31
Purchases of direct materials $165,000
Direct labor                             114,000
Indirect labor                                45,000
Factory insurance                                  8,000
Depreciation-factory                                33,000
Repairs and maintenance-factory                                11,000
Marketing expenses                             144,000
General and administrative expenses                                86,000
Direct materials inventory $23,000                                55,000
Work-in-process inventory                          13,000                                16,000
Finished goods inventory                          17,000                                24,000
Sales in the current year were $625,000
Required Prepare a schedule of cost of goods manufactured and an income statement for the current year
for Babor Company smilar to those in Exhibit 3.15A

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ekkarill92 answered 1 year ago
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