Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following account balances (in thousands) for the Rouse Company (Click the icon to view the account balances.) Requirements 1. Prepare a schedule for
Consider the following account balances (in thousands) for the Rouse Company (Click the icon to view the account balances.) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2013 2. Revenues for 2013 were $265 million. Prepare the income statement for 2013 Requirement 1. Prepare a schedule for the cost of goods manufactured for 2013. Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the calculating cost of goods manufactured. Data Table - X Rouse Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2013 (in thousands) Direct materials: Beginning of 2013 End of 2013 27,000 $ 28,000 29,000 22,000 16,000 25,000 73,000 24,000 18,000 6,000 17,000 2,000 111,000 36,000 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Direct materials used Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started