Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. The following data pertain to Ara, Co. Sales revenue Raw material inventory, January 1 Purchases of raw material Raw material inventory, December 31
1. The following data pertain to Ara, Co. Sales revenue Raw material inventory, January 1 Purchases of raw material Raw material inventory, December 31 Direct labor Total manufacturing overhead Work-in-process inventory, January 1 : Rp 1.500.000.00 : Rp 40.000.000 : Rp 300.000.000 : Rp 25.000.000 : Rp 100.000.000 : Rp 500.000.000 : Rp 15.000.000 Work-in-process inventory, December 31 : Rp 10.000.000 Finished-goods inventory, January 1 : Rp 20.000.000 Finished-goods inventory, December 31 : Rp 18.000.000 Selling-administrative expenses : Rp 150.000.000 : Rp 15.000.000 Income tax expense Required: a. Prepare a schedule of cost of goods manufactured b. Prepare a schedule of cost of goods sold c. Prepare an income statement
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started