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Are companies required to report a manufacturing statement

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Question: 1. Are companies required to report a manufacturing statement?

2. Prepare the 2011 manufacturing statement for Carmichael Company using the following information.

Direct materials . . . . . . . . . . . . . . . . . . . . . $192,500

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . 65,150

Factory overhead costs . . . . . . . . . . . . . . . 26,000

Goods in process, Dec. 31, 2010 . . . . . . . . 159,600

Goods in process, Dec. 31, 2011 . . . . . . . . 144,750

Reference no: EM131536119

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