=+EX 19-14 Financial statements of a manufacturing firm obj. 2

✔

a. Income from operations, $99,600 Letson Manufacturing Inc. is a job shop. The management of Letson Manufacturing uses the cost information from the job sheets to assess their cost performance. Information on the total cost, product type, and quantity of items produced is as follows:

Date Job No. Quantity Product Amount Jan. 2 1 240 Alpha $ 6,000 Jan. 15 22 1,100 Beta 8,800 Feb. 3 38 800 Beta 8,000 Mar. 7 56 400 Alpha 8,800 Mar. 24 65 1,500 Gamma 6,000 May 19 74 1,750 Gamma 10,500 June 12 87 350 Alpha 6,300 Aug. 18 92 2,200 Gamma 19,800 Sept. 2 100 600 Beta 4,800 Nov. 14 110 500 Alpha 7,000 Dec. 12 116 2,000 Gamma 24,000