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Amortization of factory buildings. Amortization of factory equipment.. PROBLEM 2 The following information pertains to the York Company for the year ending December 31,
Amortization of factory buildings. Amortization of factory equipment.. PROBLEM 2 The following information pertains to the York Company for the year ending December 31, 2000: Sales...... Purchases of raw materials... Indirect labour... Indirect materials. $840,000 220,000 14,000 9,000 50,000 29,000 Marketing costs Amortization of administrative building.. 15,000 130,000 Direct labour. 110,000 Work in process, 1/1/00.. Raw materials inventory, 12/31/00. 22,000 54,000 Sales returns and allowances. 17,000 Sales discounts....... Work in process 12/31/00. Raw materials inventory, 1/1/00.. 33,000 45,000 Finished goods inventory, 1/1/00. 12,000 Finished goods inventory, 12/31/00.. 124,000 115,000 Instructions: Prepare a statement of cost of goods manufactured and an absorption-costing income statement in good form for the York Company for the year ending December 31, 2000.
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