Question
1: The following information is available for Stamos Corporation for the year ended December 31, 2022. Prepare statement of cash flowsindirect method . Beginning cash
1: The following information is available for Stamos Corporation for the year ended December 31, 2022.
Prepare statement of cash flowsindirect method.
Beginning cash balance
$ 45,000
Accounts payable decrease
3,700
Depreciation expense
162,000
Accounts receivable increase
8,200
Inventory increase
11,000
Net income
284,100
Cash received for sale of land at bookvalue
35,000
Cash dividendspaid
12,000
Income taxes payable increase
4,700
Cash used to purchasebuilding
289,000
Cash used to purchase treasurystock
26,000
Cash received from issuingbonds
200,000
Instructions
provide a statement of cash flows using the indirect method.
Please sr calcularion
2: An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2022.
Inventory Beginning Ending
Raw materials $9,000 13,100
Work in process $5,000 7,000
Finishedgoods $9,000 8,000
Costs incurred: raw materialspurchases$54,000, direct labor $47,000, manufacturing overhead $19,900. The specific overhead costswere:indirect labor $5,500, factory insurance $4,000, machinery depreciation$4,000, machinery repairs $1,800, factory utilities $3,100, and miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials.
Instructions
a.Prepare the cost of goods manufactured schedule for the month ended June 30, 2022.
b.Show the presentation of the ending inventories on the June 30, 2022, balance sheet.
Determine the amount of cost to appear in variousaccounts andindicate in which financial statements these accounts would appear.
Include calculation please
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