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CAN CHEGG SOLVE REQUIREMENT 1 AND 2?? WE WILL SEE!! Part Two: Patsy's Posies was so successful that Patsy decided to manufacture her own brand
CAN CHEGG SOLVE REQUIREMENT 1 AND 2?? WE WILL SEE!!
Part Two: Patsy's Posies was so successful that Patsy decided to manufacture her own brand of floral supplies: Floral City Manufacturing. At the end of December 2017, her accounting records show the following Utilities for plant.. s 4,900 Delivery expense S 1,500 S 4,300 s 1,350 Work in process inventory, December 31, 2017 S 5,000 Finished goods inventory, December 31, 2016. Sales revenue S104,000 Customer service hotline expense Direct labor S 23,000 S 30,000 Rent on manufacturina plant.. S 9,600 Raw materials inventory, December 31, 2016 S 14,000 Raw materials inventory, December 31, 2017 S 8,000 0 Requirements 1. Calculate the Cost of Goods Manufactured for Floral City Manufacturing for the year ended December 31, 2017 2. Prepare an income statement for Floral City Manufacturing for the year ended December 31, 2017 3. How does the format of the income statement for Floral City Manufacturing differ from the income statement of Patsy's PosiesStep by Step Solution
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