Consider the following account balances (in thousands) for the Canseco Company: Required 1. Prepare a schedule of
Question:
Consider the following account balances (in thousands) for the Canseco Company:
Required
1. Prepare a schedule of cost of goods manufactured for 2019.
2. Revenues in 2019 were $300 million. Prepare the 2019 statement of comprehensive income.
Transcribed Image Text:
Beginning of 2019 End of 2019 Direct materials inventory $22.000 $26.000 Wnrk-in-process inventary 21.000 20.000 Finished goods inventory 18,000 23,000 Purchases of direct materials 75,000 Boginning of 2019 End of 2019 Direct ma nufacturing la bour 25,000 Indirect manufacturing labour 15,000 Plant insurance 9,000 Depreciation-plant building and equipment 11,000 Repairs and maintonance plent 4,000 Marketing, distribution, and customer-service costs 93,000 General and administrative costs 29,000
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134453736
8th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien
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