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Could you please complete it within 30mins Babor Company has built up its name in the construction industry as a manufacturer of quality wooden architectural
Could you please complete it within 30mins
Babor Company has built up its name in the construction industry as a manufacturer of quality wooden architectural pieces. They pride themselves on using a "no short cut approach to the crafting of their products. For the fiscal year ended December 31, below is the data of Babor Company Prior December Current 31 December 31 Purchases of saterials 187,500 Direct labor 125,250 Indirect labor 49,500 Factory insurance 3,900 Depreciation-factory 35,250 Repairs and maintenance-factory 13,700 Marketing expenses 167,150 General and administrative expenses 87,350 Materials inventory $ 22,500 61,750 Work-in-process inventory 15.250 17,800 Finished Goods Inventory 17.900 24,400 Also note that the sales in the current year were $628,000. Required: For the current year for Babor Company, prepare a schedule of cost of goods manufactured and an income statement Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement Prepare a schedule of cost of goods manufactured for the current year for Babor Company Babor Company Hi Nav JUU Statement Prepare a schedule of cost of goods manufactured for the current year for Babor Company, Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured Stmt of COGM Income Statement Prepare an income statement for the current year for Babor Company Babor Company Income Statement For the Year Ended December 31 Cost of goods sold Cost of goods available for sale Cost of goods sold Total selling & administrative expenses Step by Step Solution
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