Solution-Create the abcs cost of goods manufactured

Create the abcs cost of goods manufactured statement

Assignment Help Accounting Basics

Reference no: EM132461992

ABC Company reports the following information:

Sales $160,000

General and Administrative Expenses 9,000

Beginning Raw Materials Inventory 6,000

Ending Raw Materials Inventory 5,000

Beginning Work-in-Process Inventory 3,000

Ending work-in-Process Inventory 2,000

Beginning Finished Goods Inventory 4,000

Ending Finished Goods Inventory 6,000

Direct Labor 29,000

Material Purchases 92,000

Mfg. Overhead (insurance % taxes) 20,000

Note: You can assume that overhead was correctly applied.

Required: Using Excel, create the following:

Question 1: ABC's Cost of Goods Manufactured Statement.

Question 2: ABC's Cost of Goods Sold Statement.

Question 3: ABC's Income Statement for ABC Co.

Reference no: EM132461992

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Create the abcs cost of goods manufactured statement

Reference no: EM132461992

Reference no: EM132461992

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