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Data Table - Data Table Other information: Balances: $ 40,000 Direct Materials 400 Beginning Ending $ 13,000 $ 8,500 0 1,500 0 5,900 5,100 Work-in-Process
Data Table - Data Table Other information: Balances: $ 40,000 Direct Materials 400 Beginning Ending $ 13,000 $ 8,500 0 1,500 0 5,900 5,100 Work-in-Process Inventory Finished Goods Inventory 2,000 Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Print Done 105,000 1,400 16,000 1,100 25,000 Print Done Requirement 1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2018. (For accounts with a 50 balance, make sure to enter "0" in the appropriate column) Denim Bones Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Direct Materials Used Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Denim Bones for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Denim Bones Income Statement Year Ended December 31, 2018 Revenue Cost of Goods Sold: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? A manufacturer's cost of goods sold is based on its In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Denim Bones manufactured 17,100 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Cost per unit = Enter any number in the edit fields and then click Check
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