Reference no: EM133100065
Question - Show how this company reports current assets on the balance sheet. Not all the data are used. Is Lords a service? company, a? merchandiser, or a? manufacturer? How do you? know?
Cost of goods sold $104,000
Prepaid expenses $8,000
Direct labour 47,000
Marketing expense 30,000
Direct materials used 20,000
Work in process inventory 40,000
Accounts receivable 80,000
Manufacturing overhead 26,000
Cash 15,000
Finished goods inventory 63,000
Cost of goods manufactured 94,000
Raw materials inventory 10,000