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Chewy Bones manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following (Click the
Chewy Bones manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following (Click the icon to view account balances) (Click the icon to view other information.) Requirement 1. Prepare a schedule of cost of goods manufactured for Chewy Bones for the year ended December 31, 2024. (For accounts with a 50 balance, make sure to enter "0" in the appropriate column) Chewy Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 Direct Materials Used Direct Materials Used 0 Manufacturing Overhead Total Manufacturing Overhead - Total Manufacturing Costs Incurred during the Year, Total Manufacturing Costs to Account For Cost of Goods Manufactured 4 Time Remaining: 02 14 09 Next Requirement 2. Prepare an income statement for Chewy Bones for the year ended December 31, 2024 (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Chewy Bones Income Statement Year Ended December 31, 2024 0 O Revenue Cost of Goods Sold Cost of Goods Sold Gross Profit Selling and Administrative Expenses Total Selling and Administrative Expanses Operating Income Requirement 3. How does the format of the income statement for Chewy Bones differ from the income statement of a merchandiser? A manufacturer's cost of goods sold is based on its In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Chewy Bones manufactured 17,800 units of its product in 2024 Compute the company's unit product cost for the year, rounded to the nearest cent Cost per unit Calidate penses ive Expenses Data table Balances: Beginning Ending Direct Materials $ 13,300 $ 5,500 Work-in-Process Inventory 0 1,200 Finished Goods Inventory 0 5,700 Print Done - X Data table - X Other information: Direct materials purchases $ 37,000 Plant janitorial services 500 Sales salaries 5,600 Delivery costs 1,400 Net sales revenue 108,000 Utilities for plant 1,700 Rent on plant 14,000 es: Customer service hotline costs 1,400 Direct labor 20,000 Expenses ormat of the Print Done a merchandiser? 13
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