Solution-Prepare the company manufacturing statement

Prepare the company manufacturing statement

Assignment Help Managerial Accounting

Reference no: EM133106926

Question - Solve the given problem based on the following information.

Jordan Revenues and Expenses (as of December 31, 2016)
Advertising expenses		$25,875
Depreciation-Office equipment		$6,525
Depreciation-Sales equipment		$7,740
Depreciation-Facility equipment		$30,195
Facility supervision		$92,340
Facility supplies		$6,615
Facility utilities		$29,700
Inventories	Raw material as of December 31, 2017	$150,165
	Raw material as of December 31, 2016	$163,800
	Work in progress (WIP) as of December 31, 2017	$14,130
	Work in progress (WIP) as of December 31, 2016	$17,442
	Finished goods as of December 31, 2017	$150,615
	Finished goods as of December 31, 2016	$122,841
Direct labor		$607,932
Income tax		$210,353
Indirect labor		$51,188
Miscellaneous production costs		$7,583
Office salaries expense		$56,700
Raw material purchases		$832,500
Rent-Office space		$19,800
Rent-Selling space		$23,490
Rent-Factory building		$69,120
Maintenance-Facility equipment		$31,860
Sales		$4,072,500
Sales discounts		$56,250
Sales salaries expense		$353,304

Required -

1. Prepare the company's 2016 manufacturing statement.

2. Prepare the company's 2016 income statement.

Reference no: EM133106926

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Prepare the company manufacturing statement

Reference no: EM133106926

Reference no: EM133106926

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