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Antietam, Inc. has the following information available for the year ended December 31, 2018. You are a consultant and have been asked to produce statements
Antietam, Inc. has the following information available for the year ended December 31, 2018. You are a consultant and have been asked to produce statements and make reccomendations. Costs Incurred: Raw Material Purchased $100,000 Direct Labor 35,000 Indirect Labor 50,000 Factory Maintenance 9,000 Factory Insurance 11,000 Factory Rent 40,000 Factory Depreciation 20,000 Factory Supplies 12,000 Advertising Expenses 18,000 Selling 8: Admin Expenses 25,000 Net Revenue 340,000 Inventories Beginning Ending Raw Material Inventory $15,000 $17,000 Work in Process Inventory 20,000 29,000 Finished Good Inventory 35,000 30,000 1. Required: 25pts 0 Prepare a statement of Cost of Goods Manufactured a Make operating recommendations 2- Emired: 25pts I Prepare a Statement of Cost of Goods Sold 0 Make operating recommendations 3. Emired: 25pts 0 Prepare an Income Statement 0 Make recommendations to increase net income
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