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Blossom Corporation has the following cost records for the year ended December 31, 2022: Indirect factory labour $5,060 Direct materials used 252,100 Work in process
Blossom Corporation has the following cost records for the year ended December 31, 2022: Indirect factory labour $5,060 Direct materials used 252,100 Work in process (1/1/2022) 31,900 Work in process (12/31/2022) 27,300 Finished goods (1/1/2022) 35,800 Finished goods (12/31/2022) 28,700 Factory utilities 40,500 Depreciation, factory equipment 34,800 Direct labour 302,100 Indirect materials 22,600 Factory manager's salary 63,300 Selling and administrative expenses 341,700Selling and administrative expenses 341,700 Net sales 1,236,000 Factory machinery rent 42,700 Prepare a cost of goods manufactured schedule for 2022. (Please note when entering manufacturing overhead costs, the items may be entered in any order.) BlossomCorporation Cost of Goods ManufacturedPrepare an income statement for 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BlossomCorporation Income Statement Month Ended December 31, 2022 v Net Sales 1236000 Cost of Goods Sold Finished Goods Inventory, January 1 Cost of Goods Manufactured Cost of Goods Available for Sale V Less Cost of Goods Sold C 2
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