The following information is available for Sophie Company at December 31, 2013 1 2 Debit postings to Work in Process Inventory during the year were 3 Sales totaled $315,000 for the year Requirements 1 Prepare a cost of goods manufactured schedule 2 Prepare an income statement for the year using gro...

Answer 1 Cost of Goods Manufactured Schedule Direct Materials UsedBeginning Raw MaterialsPurchasesEn ...

The following information is available for Sophie Company at December 31, 2013: 1. 2. Debit postings to

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The following information is available for Sophie Company at December 31, 2013:

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2. Debit postings to Work-in-Process Inventory during the year were:

image text in transcribed

3. Sales totaled $315,000 for the year.
Requirements 1. Prepare a cost of goods manufactured schedule.
2. Prepare an income statement for the year using gross profit margin.

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Horngrens Accounting The Managerial Chapters

ISBN: 9781292105871

11th Global Edition

Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

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The following information is available for Sophie Company at December 31, 2013: 1. 2. Debit postings to

Question:

Inventories Finished Goods Work-in-Process Raw Materials Beginning of Year $ 14,000 6,000 10,300 End of Year $ 10,000 12,000 6,500

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Answer 1 Cost of Goods Manufactured Schedule Direct Materials UsedBeginning Raw MaterialsPurchasesEn...View the full answer

Horngrens Accounting The Managerial Chapters

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