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Alwar Brothers is a small, family - owned business that produces animal feed for dairy farms. The administrative offices and manufacturing plant of Alwar share
Alwar Brothers is a small, familyowned business that produces animal feed for dairy farms. The administrative offices and manufacturing plant of Alwar share the same building. Financial records provided by the company for the most recent fiscal year show the following all amounts in thousands of dollars:
table$Sales revenue,$Direct materials purchases,Administrative costs,Utilities Note AIndirect factory labor,Marketing costs,Direct labor,Depreciation Note BProperty taxes Note CFactory supplies,Factory supervision,Finished goods inventory, December Finished goods inventory, January Workinprocess inventory, January Workinprocess inventory, December Direct materials inventory, December Direct materials inventory, January
Notes:
A of this amount is for the factory
B of this amount is for the factory
C of this amount is for the factory
Required:
a Prepare a cost of goods sold statement.
b Prepare an income statement.
tabletableCOGSstatementtableIncomestatement
Prepare a cost of goods sold statement.
Note: Enter your answers in thousands of dollars rounded to decimal place ie should be enter
COGS statement
income statement
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