Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the below information and using the attachments prepare a manufacturing statement and a complete income statement for this manufacturing company for the year
Based on the below information and using the attachments prepare a manufacturing statement and a complete income statement for this manufacturing company for the year 2013
Advertising Expense Amortization Expense - Factory Patents Bad Debts Expense Depreciation Expense - Office Equipment Depreciation Expense - Factory Building Depreciation Expense - Factory Equipment Factory Payroll Factory Insurance Factory Supplies Factory Utilities Finished Goods Inventory, 12/31/2012 Finished Goods Inventory, 12/31/2013 Income Taxes Indirect Labor Interest Expense Miscellaneous Expense - not factory Goods in Process Inventory, 12/31/2012 Goods in Process Inventory, 12/31/2013 Factory Property Taxes Factory Equipment Repairs Sales Salaries Expense Sales Raw Materials Inventory, 12/31/2012 Raw Materials Inventory, 12/31/2013 Indirect Materials Raw Material Purchases 85,000.00 16,000.00 28,000.00 37,000.00 133,000.00 78,000.00 350,000.00 62,000.00 21,000.00 115,000.00 15,000.00 12,500.00 53,400.00 26,000.00 25,000.00 55,000.00 8,000.00 9,000.00 14,000.00 31,000.00 150,000.00 1,630,000.00 60,000.00 78,000.00 2,000.00 313,000.00
Step by Step Solution
★★★★★
3.28 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
Manufacturing Statement for the year 2013 Direct Materials Used Raw Materials Inventory 12312012 60000 Raw Materials Inventory 12312013 78000 Raw Mate...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started