Reference no: EM132561813
The following data refer to Kevin Company for the year 2020:
Sales Revenue ... $400000
Work in process (Dec 31) $5,500
Selling& Ad expenses $52,500
Purchases of raw material $45,000
Work in process (Jan 1) $10,000
Income tax expenses $22,500
Ending raw material $900
Direct labor $34,000
Raw material (Jan 1) $10,000
Utilities: plant $10,000
Depreciation equipment $15,000
Finished goods (Dec 31) $12,500
Finished goods (Jan 1) $5,000
Indirect material $2,500
Indirect labor $3,750
Other manufacturing overhead $20,000
Required:
Question 1. Prepare Kevin schedule of cost of goods manufactured for the year
Question 2. Prepare Kevin schedule of cost of goods sold for the year.
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