Reference no: EM133091173
Question - The following data relates to the Houston Co.:
Direct Materials Inventory, Beginning $650
Direct Materials Inventory, Ending $600
Direct Materials Purchases $4,500
Direct Labor $2,300
Factory Overhead $3,200
Work-in-Process Inventory, Beginning $1,350
Work-in-Process Inventory, Ending $1,440
Finished Goods Inventory, Beginning $2,400
Finished Goods Inventory, Ending $2,350
Sales Revenue $14,500
Selling and Administrative Expenses $2,800
Income Tax Rate 35%
Required -
a. Prepare a Statement of Cost of Goods Manufactured.
b. Prepare an Income Statement?
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: The following data relates to the Houston Co.: Direct Materials Inventory, Beginning $650. Prepare a Statement of Cost of Goods Manufactured
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