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26) Butler company produced 60,000 silver platters during the past calendar year. Each silver platter sells for $70. Butler had 1,400 silver platters in finished
26) Butler company produced 60,000 silver platters during the past calendar year. Each silver platter sells for $70. Butler had 1,400 silver platters in finished goods inventory at the beginning of the year. At the end of the year, there were 1,820 silver platters in finished goods inventory. Butler's accounting records provide the following information: Required: Prepare a schedule of cost of goods manufactured, an income statement, and the current assets section of the classified balance sheet for Butler Company
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