Reference no: EM133017071
Question - The following data from the just completed year are taken from the accounting records of Kenton Company:
Sales 825,000
Direct labor cost 165,000
Raw material purchases 179,000
Selling expense 48,750
Administrative expenses 46,250
Manufacturing overhead applied to work in process 180,000
Inventories:
Beginning Ending
Raw materials 18,000 15,000
Work in process 20,000 15,000
Finished goods 9,000 11,000
Required - Prepare Statement of Cost of Goods Manufactured and Income Statement & fill up following Blanks
A) Raw Material Used
B) Prime Cost
C) Conversion Cost
D) Manufacturing Cost
E) Cost of Goods Manufactured
F) Cost of Goods Sold
G) Net Profit