Module 9 assignment the following information was available

Reference no: EM13570228

Module 9 Assignment: The following information was available for Hamilton Industries for the year 20XX: Inventories 1-Jan 31-Dec Materials $85,000 $105,000 Work in process 120,000 105,000 Finished goods 125,000 110,000 Advertising expense $75,000 Depreciation expense-office equipment 25,000 Depreciation expense-factory equipment 16,000 Direct Labor 205,000 Heat, light, and power-factory 6,500 Indirect labor 26,000 Materials purchased 135,000 Office salaries expense 85,000.

Property taxes-factory 4,500 Property taxes-headquarters 15,000 Rent expense-factory 7,500 Sales 950,000 Sales salaries expense 150,000 Supplies-factory 3,500 Miscellaneous cost-factory 4,500 Requirements: 1 Prepare the 20XX statement of cost of goods manufactured. Hamilton Industries Statement of Cost of Goods Manufactured For the Year ended December 31, 20XX 2 Prepare the 20XX income statement. Hamilton Industries Income Statement For the Year ended December 31, 20XX

Reference no: EM13570228

Questions Cloud

Consider two firms with and without that have identical : consider two firms with and without that have identical assets that generate identical cash flows. without is an

Module 10 assignment true note audio company manufactures : module 10 assignment true note audio company manufactures two models of speakers dl and xl. true note posted the

Operating cash flows rather than accouting income are : operating cash flows rather than accouting income are listed. why do we focus on cash flows as opposed to net income

Research and develop a two to three type-written report on : research and develop a two to three type-written report on any one of the following historical figures who played

Module 9 assignment the following information was available : module 9 assignment the following information was available for hamilton industries for the year 20xx inventories 1-jan

I capital budgeting should we recognize this fact by : most firms generate cash inflows every day not just once at the end of the year. in capital budgeting should we

Which method of reporting cash flows from operations does : which method of reporting cash flows from operations does the company use? compare the net cash providedused from

Lowe manufacturing co warrants its products for one year : lowe manufacturing co. warrants its products for one year. the estimated product warranty is 4 of sales. assume that

Cite and briefly discuss six factors that can be : cite and briefly discuss six factors that can be especially difficult to quantify for inclusion in a capital budgeting

User Account

All Pages