Solution-How would make this an income statement

How would make this an income statement

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Reference no: EM133034278

Question - 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

Required - How would make this an income statement?

Reference no: EM133034278

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How would make this an income statement

Reference no: EM133034278

Reference no: EM133034278

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