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could use some help please The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory 12/31/x0 Selling and administrative salarios Insurance
could use some help please
The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory 12/31/x0 Selling and administrative salarios Insurance on factory and equipment Work-in-process inventory 12/31/xi Finished-goods inventory 12/31/x0 Cash balance, 12/31/1 Indirect material used Depreciation on factory equipment Raw-material inventory 12/31/x0 Property taxes on factory Finished-goods inventory 12/31/1 Purchases of raw material in 20x1 Utilities for factory Utiities for sales and administrative offices Other selling and administrative expenses Indirect labor cost incurred Depreciation on factory building Depreciation on cars used by sales personnel Direct labor cost incurred Raw material inventory 12/31/xi Accounts receivable 12/31/x1 Rental for warehouse space to store raw material Rental of space for company president's office Applied manufacturing overhead Sales revenue come tax expono 8,100 13 800 3,600 8,300 14,000 6 000 4.900 2) 100 10, 100 24400 15,400 39,000 6,000 2500 4,000 29,000 3,800 1,200 79,000 11000 4,100 3) 100 1,700 58,000 205 800 S100 TWISTO PREVZEL COMPANY Schedule of Coat of Good Manufactured For the Year Ended December 31, 20X1 Direct material: Raw-material inventory, 12/31/X0 Raw material used + Direct labor Manufacturing overhead: Total actual manufacturing overhead Overhead applied to work in process Total manufacturing costs Subtotal Cost of goods manufactured Finished-goods inventory, 12/31/0 Canh balance, 12/01/x1 Indirect material used Depreciation on factory equipoent Rav-material inventory, 12/31/0 Property taxes on factory rintsbed-goods Inventory, 12/31/x 1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and administrative expenses Indirect-labor cont incurred Depreciation on factory building Depreciation on cars used by wnion personnel Direct-labor cost incurred Rav-material inventory, 12/31/x1 Accounts receivable, 12/31/1 Rental for varehouse space to store raw material Rental of space for company president's office Applied manufacturing overhead Sales revenue Income tax expense 14,000 6,000 4,900 2,100 10,100 2,400 15,400 39,000 6,000 2,500 4,000 29,000 3,800 1,200 79,000 11,000 4,100 3,100 1,700 58,000 205,800 5, 106 2. Prepare the company's schedule of cost of goods sold for 20x1. The company closes overapplied or underapplied overhead into Cost of Goods Sold TWISTO PRETZEL COMPANY Schedule of Cost of Goods Sold For the Year Ended December 1, 20X1 Finished-goods inventory, 12/31/0 Cost of goods available for sale Cost of goods sold Adjusted cost of goods sold 3. Prepare the company's income statement for 20x1. TWISTO PRETZEL COMPANY Income Statement For the Year Ended December 31, 20X1 Selling and administrative expenses: Total Step by Step Solution
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