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1. Prepare a schedule of cost of goods manufactured for Gourmet Bones for the year ended December 31, 2024. 2. Prepare an income statement for

1.

Prepare a schedule of cost of goods manufactured for

Gourmet Bones

for the year ended

December

31,

2024.

2.

Prepare an income statement for

Gourmet Bones

for the year ended

December

31,

2024.

3.

How does the format of the income statement for

Gourmet Bones

differ from the income statement of a merchandiser?

4.

Gourmet Bones

manufactured

17,900

units of its product in

2024.

Compute the company's unit product cost for the year, rounded to the nearest cent.

(For accounts with a $0 balance, make sure to enter "0" in the appropriate column.)

Gourmet Bones

Schedule of Cost of Goods Manufactured

Year Ended December 31, 2024

Direct Materials Used:

Direct Materials Used

Manufacturing Overhead:

Total Manufacturing Overhead

Total Manufacturing Costs Incurred during the Year

Total Manufacturing Costs to Account For

Cost of Goods Manufactured

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Data Table

Balances:

Beginning

Ending

Direct Materials

$13,500

$7,500

Work-in-Process Inventory

0

3,500

Finished Goods Inventory

0

5,200

PrintDone

Data Table

Other information:

Direct materials purchases

$36,000

Plant janitorial services

700

Sales salaries

6,000

Delivery costs

1,300

Net sales revenue

107,000

Utilities for plant

1,300

Rent on plant

17,000

Customer service hotline costs

1,200

Direct labor

23,000

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