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Determine the amounts of the missing items, identifying them by the letter. Enter all amounts as positive numbers. B. Prepare Yakima Company's statements of costs
Determine the amounts of the missing items, identifying them by the letter. Enter all amounts as positive numbers.
B. Prepare Yakima Company's statements of costs of goods manufactured for May.
C. Prepare Yakima Company's income statement for May.
Refer to the Labels and Amount Description List provided for the exact wording of the answer choices for text entries. "Less" or Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.
Manufacturing income statement, statement of cost of goods manufactured Instructions Labels and Amount Descriptions Instructions 1 2 Materials inventory, May 1 3 Materials inventory, May 31 4 Materials purchased 5 Cost of direct materials used in production 6 Direct labor 7 Factory overhead 8 Total manufacturing costs incurred during May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income Starting Question Rainier Company $100,000.00 (a) 950,000.00 938,500.00 2,860,000.00 1,800,000.00 (b) 5,998,500.00 400,000.00 382,000.00 (c) 615,000.00 596,500.00 9,220,000.00 (d) (e) 1,000,000.00 (f) Statement of Cost of Goods Manufactured Yakima Company $48,200.00 50,000.00 710,000.00 (a) (b) 446,000.00 2,484,200.00 2,660,600.00 176,400.00 (c) 2,491,500.00 190,000.00 (d) 4,550,000.00 2,470,000.00 (e) (f) 1,500,000.00
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