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a. Prepare in good form, a cost of goods manufactured schedule for the year .b. Revenues for the year were $800,000. Prepare in good form,
a. Prepare in good form, a cost of goods manufactured schedule for the year
.b. Revenues for the year were $800,000. Prepare in good form, the income statement for the year.
Mr Manufacturing Company had the following account balances for the year ended December 31, unless otherwise noted: Raw material inventory (January 1) Raw material inventory (December 31) Work-in-process inventory (January 1) Work-in-process inventory (December 31) Finished goods inventory (January 1) Finished goods inventory (December 31) Direct materials purchased Indirect materials used Direct manufacturing labor Indirect manufacturing labor Equipment leasing costs Depreciation of plant, building and equipment Plant insurance Repairs and maintenance - plant Plant utilities General and administrative Marketing distribution costs $ 65,000 34,000 83,000 72,000 123,000 102,000 128,000 14,000 106,000 48,000 32,000 21,000 2,000 8,000 12,000 34,000 62,000Step by Step Solution
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