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Prepare a cost statement and income statement

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Reference no: EM133239863

The data is for the year completed by Manson Company.

Sales $524,000
Direct Labor Cost $70,000
Raw Material Purchases $118,000
Selling Expenses $140,000
Administrative Expenses $63,000
Inventories Beginning Ending
Raw Materials $7,000 $15,000
Work in Process $10,000 $5,000
Finished Goods $20,000 $35,000

Prepare a Cost Statement and Income Statement for the year for Manson Company.

Reference no: EM133239863

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