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Cam's Pets secceeded so well that Cam decided to manufacture his own brand of chewing bone - Gourmet Bones. At the end of December 2011,
Cam's Pets secceeded so well that Cam decided to manufacture his own brand of chewing bone - Gourmet Bones. At the end of December 2011, his accounting records showed the following:
More Info Requirements 1. Prepa re a schedule of cost of goods manufactured for Gourmet Bones for the year ended December 31, 2011 2. Prepare an income statement for Gourmet Bones for the year ended December 31, 2011 3. How does the format of the income statement for Gourmet Bones differ from the income statement of a merchandiser? 4. Gourmet Bones manufactured 17,300 units of its product in 2011. Compute the company's unit product cost for the year PrintDone Inventories. Beginning. Ending
Materials. $13,500. $7,000
Work in process. 0. $1,250
Finished good. 0. $5,200
Other Information:
Direct material purchases $32,000. $1,100
Plant janatorial services. $500. $15,000
Sales salaries expense. $5,800. $1,700
Delivery expense. $1,000. $20,000
Sales revenue. $108,000
Requirement 1. Prepare the schedule of cost of goods manufactured for Gourmet Bones. (For accounts with a $0 balance, make sure to enter "0".
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