The following data were taken from the records of Moxie Company for the year ended December 31,

Question:

The following data were taken from the records of Moxie Company for the year ended December 31, 2014.

Instructions
(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
(b) Prepare an income statement through gross profit.
(c) Prepare the current assets section of the balance sheet at December 31.

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Somshukla Chakraborty

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