Solution-Prepare the statement of cost of goods manufactured

Prepare the statement of cost of goods manufactured

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Reference no: EM132684444

Problem - Statement of cost of goods manufactured and income statement for a manufacturing company.

The following information is available for The Green Hornet Corporation for 2012:

Inventories	January 1	December 31
Materials	$165,000	$210,000
Work in process	306,000	290,000
Finished goods	298,000	284,000

Advertising expense	$ 148,000
Depreciation expense-office equipment	21,000
Depreciation expense-factory equipment	20,900
Direct labor	360,000
Heat, light, and power-factory	8,400
Indirect labor	29,100
Materials purchased	325,000
Office salaries expense	115,000
Property taxes-factory	6,800
Property taxes-office building	18,000
Rent expense-factory	11,500
Sales	1,530,000
Sales salaries expense	188,000
Supplies-factory	5,700
Miscellaneous cost-factory	3,600

Instructions -

1. Prepare the 2012 statement of cost of goods manufactured.

2. Prepare the 2012 income statement.

Reference no: EM132684444

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Prepare the statement of cost of goods manufactured

Reference no: EM132684444

Reference no: EM132684444

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