1. What is the adjusted cost of goods sold?

2. What is the gross margin (in dollars) from the income statement?

3. What is the total prime cost from the Job #1 Cost Sheet?

4. What is the total conversion cost from the Job #1 Cost Sheet?

5. What is the total product cost from the Job #1 Cost Sheet?

2. The cost of the dect materiah that can be used to masutacture the table ave as follows. 3. Anume a 565 per hour wase rate to the anembly emploves. The following is a fat of transactions that need to be reconded for the company for actevity in the month of 1 December. Record each joumal entry in the "General hournar" tab of the excel file laing the proser focmut. Hease vie the following accounts: Dec 1 Raw materials purchased on account. $28.000 The fint order you rectived wot to munufacture a tieit wins a uble top and four lect. This is your Jos 11 Cont shovet The following emplopes costs were hourrd but not paid during the month Decto: - Direct laber for job 1, consibted of 60 hours at a rate of $65 per hour, totaline $3,900, whe + Satary for tactory nupervbor $2100. - Adminhatratiet salary $1.500 Cont sheet) The secuind onder you recelved was to manufacture a table anire a table top. four less and a drawer. for use during the month. Nil materiak ane birect. Uther you loumalise this entry ditaine enter the indormation into dob 22 Cont shert? Dec 16 . Fictory rent incurred but eot paid for be mooth was $1.400 Dec 17 Advertinine couts incurred tut not paid for the month was 51,200 Dec 20. Depreciation on equigment bor the menth of Decenber was $1,550 is 1,200 for equipenent uned is the factory and $350 Nor eouloment used in gelline and administrathe acteveliet? Dec 23. Propenty insursace incured tut not paid \$1,400 $1.100 lor the tactory and $300 for seling and administrative officesl. Dec 26. Job in was completed and transteried to Fhished Coods during the moeth. The completed table from lob "I was sold on account to the cantomer for $33000 during the job cost sheet: Bv the end of the month, 30 houn of dilect bbor were intured at a rate of $65 per hour, tetaling this entry pleste enter the indormation into lob 22 Cont Sheet! Cost Sheet 2 there wall not be any begining bolances. Next, prepare the followine iound entry xere 31 oversoplied/underapolied overticxt Prepave a Schedule of Cont of Goods Manutactured and a schedule of Cont of Coods Sold on the 3 company. Make vare to follow the formst noted in your bonk ipe 115 snd 117 i ofint. this is the comoany, fint month of oseration and therefore the becinnine balances will be anrof 5 Use the following check fesures and mate any necenary conectoom. Check Flyure 1: Cont of Cooss Manufactured \$14,950 Check Fieves 2: Net Operating inceme \$13,975 D 6 Answer the followine addtiond questions. Be wre 10 write all numbers ss posithe and no amwer bhould be left blank