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1. determine the amounts of the missing items, identity by letter. 2. prepare Volt company's statement of cost of goods manufactured for December. 3. prepare
1. determine the amounts of the missing items, identity by letter. 2. prepare Volt company's statement of cost of goods manufactured for December. 3. prepare Volt company's income statement for December.
Manufacturing Income Statemert, Statement of Cust of Gnods Manufactured Several iterms are eritted from the income statement and cost of goods manufactured stecemenit Volt Company s 177000 180,000 342,000 Company Materials inventory December 1 280,280 712,800 1,058,400 Materlaks inventory, December 31 o Materials purchased Cast of direct materials used in production Direct abor Factory overead Total manufacturing costs incurred during Decembor Total marufacturing costs Work in process inventory, December Work in prexess inventory, Decomber 3 Cost of goods manufactured Finished goods inventory, December 1 Rrished goods inventory, December 31 Sales Cost of goods sold Gross proft Operating expensies Net icome 327,600 180,000 1,035,000 ,477,500 442500 2,678,400 453,600 1,024,500 204,000 475,700 496,800 4,140,000 1675,500 1,051,500 540,000 384000 Required 1. Derermine the ampurts cfthe mssng rems, identitying them by locter, Eriter all amounts as positStep by Step Solution
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