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CHAPTER 3 E3-22 Preparing a schedule of cost of goods manufactured Clarkson Corp, a lamp manufacturer, peovided the following information for the y Learning Objective
CHAPTER 3 E3-22 Preparing a schedule of cost of goods manufactured Clarkson Corp, a lamp manufacturer, peovided the following information for the y Learning Objective 4 E3-24 Calculating income ane 1. COGM: $427.000 ended December 31, 2016: One Stop Grooming provide $16.000 in revenues and in- X Ending Beginning Inventories: $ 22,000 $ 58,000 100,000 47,000 Wages Expers (Requirement 1 only) Raw Materials 63,000 Grooming Se Work-in-Process 51,000 Building Res Finished Goods Utilities Exp Other information: Depreciati Depreciation, plant building and equipment $ 13,000 Requirements 1. What is One Stop Raw materials purchases 157,000 Insurance on plant 21,000 Sales salaries 46,000 2. What is the cost Repairs and maintenance-plant 4,000 E3-25 Calculating inc indirect labor 30,000 White Brush Com summarizes White Direct labor 129,000 Administrative expenses 56,000 Selling Purchas Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product Sales E Merch cost if Clarkson manufactured 2,135 lamps for the year Merc
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