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3) AYCAN KITICAT PET SHOP SUCCEDED SO WELL THAT AYCAN KITCAT DECIDED TO MANUFACTURE HER OWN BRAND OF CAT FOOD ..KITICAT... AT THE END OF
3) AYCAN KITICAT PET SHOP SUCCEDED SO WELL THAT AYCAN KITCAT DECIDED TO MANUFACTURE HER OWN BRAND OF CAT FOOD ..KITICAT... AT THE END OF DECEMBER 2018 HER ACCOUNTING RECORDS SHOW THE FOLLOWING.... Work in Process inv.Dec. 31,2018... 44.500 TL.....Finished Goods Inv.,Dec.31,2018... 14.000 TL Finished Goods Inv. 31,2017... 62.000 TL..... Sales Revenue... 560.000TL.. Public Relation.Expense.. 72.000TL..... Utilities for Plant .. 16.00TL.. Direct Material Inventory ,Dec.31,2017 19.500.. Customer Delivery Expense(Freight Out) 32.000TL..... Sales Salaries Expense 18.000T.... Plant Janitoral Services 32.000TL....... Direct Labor.. 84.000TL .... Direct Material Purchases ..62.000TL Rent on manufacturing plant...18.000TL.... Direct Material inventory, Dec.31,2018... 27.000TL.. ...Work in Process Inv. Dec,31,2017...24.000TL... Required: 1) PREPARE "A SCHEDULE OF COST OF GOODS MANUFACTURED, FOR THE YEAR ENDED DEC.31,2018 2) PREPARE "INCOME STATEMENT", FOR THE YEAR ENDED DEC.31,2018
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