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Create an income statement for messinger manufacturing

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Reference no: EM132719869

Messinger manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:

WIP, Beg. Inventory (January 1) $ 140,400
WIP, End. Inventory (December 31) 171,000
FG, Beg. Inventory 540,000
FG, End. Inventory 510,000
DM used 378,000
IM used 84,000
Direct manufacturing labor 480,000
Indirect manufacturing labor 186,000
Property taxes on manufacturing plant building 28,800
Salespersons' company vehicle costs 12,000
Depreciation of manufacturing equipment 264,000
Depreciation of office equipment 123,600
Miscellaneous plant overhead 135,000
Plant utilities 92,400
General office expenses 305,400
Marketing distribution costs 30,000
Sales revenue 3,000,000

Required:

Question 1. cost sheet for the quarter.

Question 2. an income statement for Messinger Manufacturing Company for the quarter ending March 31.

Reference no: EM132719869

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