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20,250 400 10.125 35.400 121,500 5,060 37.500 562.500 53,000 3,410 20.075 Raw Materials, Dec 31, 2018 Raw Materials, Dec 31, 2013 Work in process, Dec.

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20,250 400 10.125 35.400 121,500 5,060 37.500 562.500 53,000 3,410 20.075 Raw Materials, Dec 31, 2018 Raw Materials, Dec 31, 2013 Work in process, Dec. 31, 2018 Work in Proce, Dec. 31, 2019 Finished Goods, Dec 11, 2018 Finished Goods, Dec 31, 2019 3 Problem 4 Advertising Expense Depreciation - Office Equip Depreciation Selling Equip 7 Depreciation Factory Equip Factory fupervision Factory Supplies used indirect materials) Factory Utilities 11 Direct Labor indirect labor Miscellaneous Production Costs Orice Salaries Expense Raw Materials Purchases Rent Expense Office Space 7 Hent Expense Selling Space Bent Expense: Factory Building Maintenance Event Factory Equip 40,37 10.430 12.500 14,100 177,200 141,70 21.005 27.000 93.500 30,175 MOS 295,300 Sales Sales Expense 1. Prepare the company's 2010 hedule of cost of goods manufacted 2. Prepare the company 2015 income statement that reperta peste categories for telling expenses and metal and administrative expenses. Assume the income tax ex for the period 16,700 2 40,375 70,430 12,500 14,100 177,200 141,750 6,060 3 Problem #1 4 Advertising Expense 20,250 Raw Materials, Dec. 31, 2018 5 Depreciation - Office Equip 8,440 Raw Materials, Dec 31, 2019 6 Depreciation - Selling Equip 10,125 Work in Process, Dec 31, 2018 7 Depreciation - Factory Equip 35,400 Work in Process, Dec 31, 2019 8 Factory Supervision 121,500 Finished Goods, Dec 31, 2018 9 Factory Supplies Used (indirect materials) Finished Goods, Dec 31, 2019 10 Factory Utilities 37,500 11 Direct Labor 562,500 12 Indirect labor 59,000 13 Miscellaneous Production Costs 8,440 14 Office Salaries Expense 70,875 15 Raw Materials Purchases 894,375 16 Rent Expense - Office Space 23,625 17 Rent Expense - Selling Space 27,000 18 Rent Expense - Factory Building 93,500 19 Maintenance Expense - Factory Equip 30,375 20 Sales 4,942,625 21 Sales Salaries Expense 295,300 22 23 1. Prepare the company's 2019 schedule of cost of goods manufacutred. 24 2. Prepare the company's 2019 income statement that reports separate categories for (a) 25 selling expenses and (b) general and administrative expenses. Assume the income tax 26 expense for the period is $136,700. 37

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