Solution-Prepare a schedule for the cost of goods

Prepare a schedule for the cost of goods manufactured

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Reference no: EM131804539

Question - Cost of goods manufactured. Consider the following account balances (in thousands) for the Canseco Company:

Canseco Company	Beginning of 2009	End of 2009
Direct materials inventory	$22,000	$26,000
Work-in-process inventory	21,000	20,000
Finished goods inventory	18,000	23,000
Purchases of direct materials		75,000
Direct manufacturing labor		25,000
Indirect manufacturing labor		15,000
Plant Insurance		9,000
Depreciation -- plant and building, and equipment		11,000
Repairs and maintenance -- plant		4,000
Marketing, distribution, and customer-service costs		93,000
General and administrative costs		29,000

Required -

1. Prepare a schedule for the cost of goods manufactured for 2009?

2. Revenues for 2009 were $300 million. Prepare the income statement for 2009?

Reference no: EM131804539

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Prepare a schedule for the cost of goods manufactured

Reference no: EM131804539

Reference no: EM131804539

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