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Consider the following selected amounts and account balances of Show how this company reports current assets on a balance sheet. Not all data are used.

Consider the following selected amounts and account balances of

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Show how this company reports current assets on a balance sheet. Not all data are used. Is this company a service? company, a? merchandiser, or a? manufacturer? How do you? know?

25,000 Manufacturing overhead Accounts receivable 76,000 Direct materials used 15,100 Cost of goods sold 102,000 Raw materials inventory 9,800 Cost of goods manufactured 92,000 Cash 14,500 Direct labor .....................S 43,000 Marketing expense 26,000 Work in process inventory 37,000 63,000 Finished goods inventory Prepaid expenses 6,100

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