cost of goods manufactured, income statement for W.W Phillips Company
Instructions WW Philips Company produced 4000 leather recens during the year These recliners solo 5400 each Philips had 500 recliners in trished goods inventory at the beginning of the year At the end of the year, there were 700 rectners in finished goods inventory Philips accounting records provide the following information $320 000 40.000 00.000 200,000 10.000 Purchases of raw materials Begering met entory Ending materials inwentary Durchlab indirector Rent, factory Depreciation factory out Uitbes, actory Salwy, sales supervisor Commission Salesperson General administration Beginning work in process inventory Ending work in procesory 12,000 60.000 11.900 30.000 180.000 300.000 13.040 14 WD Instructions Indirect labor 40,000 42,000 60,000 Rent factory building Depreciation, factory equipment Utilities, factory Salary, sales supervisor Commissions, salespersons General administration Beginning work-in process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory 11,900 90,000 180,000 300,000 13,040 14,940 80,000 114, 100 Required Labels and Amount Descriptions Cost of Goods Manufactured Average Cost Income Staten ins Labels and Amount Descriptions tec Refer to the list below for the exact wording of a label or an amount description within your statements. pred Labels lities Add Hary Less mmi Manufacturing overhead enerd ginn Selling expenses Amount Descriptions ding Beginning work in process Commissions ading Cost of goods manufactured Regu Cost of goods sold Prep: Depreciation factory equipment Com Prepare an income statement for external users. 7 eginn Cost of Goods Manufactured Statement of Cost of Goods Manufactured For Last Year 2 3 (Label) 4 5 6 I 7 8 9 10 11 st of Goods Manufactured Average Cost 2. Compute the average cost of prodacing one unit of product in the year. The average cost of producing one unit of product in the year was $ W. W. Phillips Company Income Statement For Last Year 1 1 2 3 4 (Label) 5 (Label) 6 7 8 Check My Work 10 more Check My Work uses remaining Instructions WW Philips Company produced 4000 leather recens during the year These recliners solo 5400 each Philips had 500 recliners in trished goods inventory at the beginning of the year At the end of the year, there were 700 rectners in finished goods inventory Philips accounting records provide the following information $320 000 40.000 00.000 200,000 10.000 Purchases of raw materials Begering met entory Ending materials inwentary Durchlab indirector Rent, factory Depreciation factory out Uitbes, actory Salwy, sales supervisor Commission Salesperson General administration Beginning work in process inventory Ending work in procesory 12,000 60.000 11.900 30.000 180.000 300.000 13.040 14 WD Instructions Indirect labor 40,000 42,000 60,000 Rent factory building Depreciation, factory equipment Utilities, factory Salary, sales supervisor Commissions, salespersons General administration Beginning work-in process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory 11,900 90,000 180,000 300,000 13,040 14,940 80,000 114, 100 Required Labels and Amount Descriptions Cost of Goods Manufactured Average Cost Income Staten ins Labels and Amount Descriptions tec Refer to the list below for the exact wording of a label or an amount description within your statements. pred Labels lities Add Hary Less mmi Manufacturing overhead enerd ginn Selling expenses Amount Descriptions ding Beginning work in process Commissions ading Cost of goods manufactured Regu Cost of goods sold Prep: Depreciation factory equipment Com Prepare an income statement for external users. 7 eginn Cost of Goods Manufactured Statement of Cost of Goods Manufactured For Last Year 2 3 (Label) 4 5 6 I 7 8 9 10 11 st of Goods Manufactured Average Cost 2. Compute the average cost of prodacing one unit of product in the year. The average cost of producing one unit of product in the year was $ W. W. Phillips Company Income Statement For Last Year 1 1 2 3 4 (Label) 5 (Label) 6 7 8 Check My Work 10 more Check My Work uses remaining
