The following information is for Rockville, Inc., for the year ended December 31, 2016. Of the total
Question:
Of the total raw materials placed in production for the year, $72,000 was for indirect materials.
Required:
a. Prepare a schedule of raw materials placed in production for the year ended December 31, 2016.
b. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2016.
c. Prepare a schedule of cost of goods sold for the year ended December 31, 2016.
d. Prepare an income statement for the year ending December 31, 2016.
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