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Denim Bones manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following B (Click the
Denim Bones manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following B (Click the icon to view account balances.) (Click the icon to view other information.) Read the requirements. Requirement 1. Prepare a schedule of cost of goods manufactured do not abbreviate.) Denim Bones for the year ended December 31, 2018. (For accounts with a $0 balance, make sure enter "O" in the appropriate column. Check your spelling carefully and 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 to Account For Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to 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 "o" in the appropriate column. Check your spelling carefully and do not abbreviate.) Denim Bones Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: 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 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Cost per unit = $ Data Table Requirements Other information: $ 40,000 600 5,900 1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2018. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2018 3. How does the format of the income statement for Denim Bones differ from the income statement of a merchandiser? 4. Denim Bones manufactured 17,600 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. 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 1,000 113,000 1,800 9,000 1,600 Print Done 18,000 Data Table P Balances: on its Direct Materials 17,600 units of its product in 2018. Com Beginning Ending $ 13,600 $ 7,000 0 4,500 0 6,100 Work-in-Process Inventory Finished Goods Inventory
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