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