The following data refer to Fresno Fashions Company for the year 20x2: SpAIeSSeHEsVE NUCS amma See Cant
Question:
The following data refer to Fresno Fashions Company for the year 20x2:
SpAIeSSeHEsVE NUCS amma See Cant a oom ttO eee eee $945,000 Work-in-process inventory, December 31........... 30,000 Work-in-process inventory, January 1.............. 40,000 Sw a Selling and administrative expenses............... 145,000 fnr ROCMME WEN OXOEINSE, orcas care b eon eup tne se opens 80,000 2, RUKCHASeS:Onrawwinnalenialln windaspe .ee e 180,000 Raw-material Inventory, December 31.............. 25,000 Raw-material Inventory, January1................. 40,000 DiKeeREOrr mR RL eit Coke cd ORR 200,000 Dt UtIITTeS Solano 22 SR eSes.. ee eco 40,000 © #+
Depreciation: plant and equipment................ 60,000 94 Finished-goods inventory, December 31............ 50;000 xo -
Finished-goods inventory, January1............... 20,000 DP Ineiwech imation BE Af. s25 [hind dso. ease 11,0004.
ICIS CHI ORR frente ol sreaargntetaed hvpescee tea eieg ts 16,000 Required
a. Prepare Fresno Fashions’ schedule of cost of goods manufactured for the year. bl 9, 900
b. Prepare Fresno Fashions’ schedule of cost of goods sold for the year. S¥o, ceo ¢c. Prepare Fresno Fashions’ income statement for the year. | Yo, 200 d BUILD YOUR OWN SPREADSHEET. Build an Excel spreadsheet to complete requirements (a)
Step by Step Answer:
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto