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Chewy Bones manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following: Requirement 1: Prepare
Chewy Bones manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following:
Data Table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Direct materials purchases Plant janitorial service:s Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Beginning Ending S 13,900 $ 10,500 1,200 5,100 S 40,000 800 5,800 1,100 108,000 1,700 12,000 1,600 18,000 Chewy Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used Direct Materials Used Manufacturing Overhead Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Beginning Direct Materials Beginning Work-in-Process Inventory Depreciation Expense on Plant Equipment Direct Labor Direct Materials Available for Use Ending Direct Materials Ending Work-in-Process Inventory Plant Janitorial Services Purchases of Direct Materials Rent on Plant Utilities for Plant Chewy Bones Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Cost of Beginning Finished Goods Inventory Cost of Goods Available for Sale Cost of Goods Manufactured Customer Service Hotline Expense Delivery Expense Cost of Ending Finished Goods Inventory Gross F Net Sales Revenue Selling Sales Salaries Expense Requirement 3. How does the format of the income statement for Chewy Bones differ from the income statement of a merchandiser? A manufacturers cost of goods sold is based on its | in contrast, a merchandiser's cost of goods sold is based on its 3. How does the format of the income statement for Chewy Bones difer from the income statement of a merchandiser? in contrast, a merchandiser's cost of goods sold is based on its nit product cost for the yeat, rounded to the nearest cent A manufacturer's cost of goods sold is based on its Requirement 4. Chewy Bones manufactured 17,60 Cost per unt Choose from any list or enter any number in the cost of goods manufactured drect matenals used manufactuing costs incurred during the year operating ncome for Requirement 3. How does the format of the income statement for Chewy Bones dffer tom the income statement of a merchandiser? A manufacture's cost of goods sold is based on as Requirement 4Chewy Bones manfactured 17,600 units er es product n, 2018. Corpute the company's unt prod ct cost tr the year, rounded to the nearest cent Cost per unit a Choose from any ist or enter any number in the input felds and hen continue to the next question in contrast, a merchandsers cost of goods sold is based on its ending inventory gross profit merchandise purchases operating income Save for Later Cost per unit = Requirement 1: Prepare a schedule of cost of goods manufactured for Chewy Bones for the year ended December 31, 2018. (For accounting with $0 balance, make sure to enter 0 in the appropriate column)
Requirement 1 options
Requirement 2: Prepare an income statement for Chewy Bones for the year ended December 31,2018 (for accounts with 0 balance, make sure to enter 0 in the appropriate colum)
Requirement 2 options
Requirement 3: how does the formate of the income statement for Chewy Bones differ from the income statement of a merchandiser?
Requirement 4: Chewy Bones manufactured 17,600 units of its products in 2018. Compute the companys unit product cost for the year, rounded to the nearest cent.
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