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1) You are a new accounting intern at Spoon Inc.. You are given the following information and you are asked to compute (calculate) Direct Material

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1) You are a new accounting intern at Spoon Inc.. You are given the following information and you are asked to compute (calculate) Direct Material used in March Purchases of Direct Materials...... 70.000.-TL Freight in..... 4.600.- Freight out... 3.000.- 31.3 .Inventory of direct materials 15.000.- 01.3 Inventory of direct materials 40.000.- 2a) Kapuk nc. Opened a retail store , on January 1,2019.. In 31.12.2019 Accounting records show the following information... Rent ... 14.000.- TL Adm. Saleries.. 18.000.- Freight in 3.100.- 31.12.2018 Invt. 17.500.- Sa Revenue 280.000.- Utilities 9.900.- Merch.Purchase 72.000.- 31.12.2019 Invt. 25.400.- Advertising expense 14.600.- Required : Prepare an income statement for Kapcuk Company for the year ended December 2013. 2b) Kapuk Jr.Inc. manaking her own product called XYZ at the end of December 2013 accounting records as follows... Dec.31 ,2013 Fininished Goods....18.000.-TL Work in process Dec. 31/13 3.500.- Direct Material Dec.iny 31/13 15.500.- Plant Rent.......... 22.000.- Finished goods 31./12/12 26.000 Depreciation on Delivery Truck 5.000.- Depreciation on Plant Equipment 7.000.- Work in Process Dec 31/12 0.- R&D expense graphic design 7.400.- Sales commissions 4.000.- 252.900.- Utilities for Plant Plant Janitorial Expense 7.000.- 5.500.- Sales Revenue.... Customer warranty Refunds 3.000.- Direct Labor Applied Dec 31,12 Direct Material inv. 40.000.- 6.000.- Direct Material acquired 44.000 Required.; 1) Prepare a statement of Cost of goods manufactured for Kapuk.jr.for the year ended 2013 2) Preapare an Income statement For Kapcuk Jr.for the year ended ...2013

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