Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

all one question Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows:

image text in transcribed all one question
image text in transcribed
Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows: Sales $316,000 Selling and administrative expenses 127,500 Purchases of raw materials 46,000 Direct labor 30,000 Manufacturing overhead 56,500 Inventories August 1 August 31 Raw materials $ 9,000 $5,000 Work-in-process 15,000 11,000 Finished goods 15,000 20,000 Required Prepare a statement of cost of goods manufactured and an income statement for August 2017 Do not use negative signs with any of your answers below. Bridgeview Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ending August 31, 2017 Current manufacturing costs: Cost of materials placed in production: Raw materials, 8/1/17 $ Purchases Total available Raw materials. 8/31/17 0 $ Direct labor Manufacturing overhead 05 0 Work in process, B/1/17 Total costs in process 0 Work in process, 8/31/17 Cost of goods manufactured $ 0 OOO oo OOO Bridgeview Manufacturing Company Income Statement For the Month Ending August 31, 2017 Sales 5 Genaded 0 Bridgeview Manufacturing Company Income Statement For the Month Ending August 31, 2017 Sales $ 0 $ 0 0 0 Cost of goods sold Finished goods inventory, 8/1/17 Cost of goods manufactured Total goods available for sale. Finished goods inventory, 8/31/17 Gross profit Selling and administrative expenses Net income 0 0 0 0 $ 0 Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

9th Edition

1266796851, 9781266796852

More Books

Students also viewed these Accounting questions

Question

Dont off er e-mail communication if you arent going to respond.

Answered: 1 week ago