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Make an income statement for messinger manufacturing company

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Reference no: EM132710902

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:

Problem 1. cost sheet for the quarter.

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

Reference no: EM132710902

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