Solution-Prepare an income statement with a supporting cost

Prepare an income statement with a supporting cost of goods

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Reference no: EM132657470

Problem 1: Prepare an income statement with a supporting cost of goods manufactured and sold statement.

Accounts recievable: 156,000

Administrative costs: 240,000

Capital Stock: 600,000

Depreciation Manufacturing: 126,000

Direct Labor: 410,000

Finished Goods Inventory January 1: 125,000

Finished Goods Inventory December 31: 96,000

Heat Light & Power Plant: 23,000

Marketing Costs: 247,000

Miscellaneous Manufacturing Costs: 5,800

Plant Maintenance & Repairs: 31,600

Property Taxes Manufacturing: 29,000

Direct Materials Purchase: 306,000

Direct Materials Inventory January 1: 93,000

Direct Materials Inventory December 31: 83,500

Sales Revenue: 1,948,000

Supervisory & Indirect Labor: 138,000

Supplies and Indirect Materials: 6,000

Work In Process Inventory January 1: 149,000

Work In Process December 31: 137,000

Reference no: EM132657470

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Prepare an income statement with a supporting cost of goods

Reference no: EM132657470

Reference no: EM132657470

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