Reference no: EM132946045
The Wooden Chair Group has the following sales and cost data for the year ending 2021:
Raw Materials Inventory, beginning 4,000
Raw Materials Inventory, ending 5,000
Work in Process Inventory, beginning 12,000
Work in Process Inventory, ending 9,000
Finished Goods Inventory, beginning 6,000
Finished Goods Inventory, ending 7,000
Materials Purchased - Lumber 14,000
Materials Purchased - Screws and Glue 3,000
Wages - Direct Assembly Workers 21,000
Wages - Factory Supervisor 2,000
Wages - Factory Janitor 1,000
Factory Depreciation 25,000
Factory Utilities 2,000
Maintenance of Factory 4,000
Insurance for Factory 1,000
Sales Commissions 10,000
Sales Cell Phones 6,000
CEO Salary 22,000
Depreciation Admin Equipment 3,000
Copy Paper 1,500
Problem 1: How would make an income statement?
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How would make an income statement
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