E2-27a

Prepare the income statement for west nautical company in the above question for the most current year.

assume the company sold 34,000 units of its product at a price of 12 each during the year.

E2-26A Compute Cost of Goods Manufactured and Cost of Goods Sold (Learning Objective 5) Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume that the Raw Materials Inventory contains only direct materials Beginning of End of End of Year Year Year Raw materials $23,000 $25,000 Insurance on plant $ 11,500 inventory Work in process $35,000 $31,000 Depreciation-plant building and $13,400 inventory equipment Finished goods $20,000 $22,000 Repairs and maintenance-plant $3,700 inventory Purchases of direct $74,000 Marketing expenses $77,000 materials General and administrative $28,500 $86,000 Direct labor expenses $42,000 Indirect labor rm 160: Dronaro income statement (Iearning Obiective 5) co oTA O