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Enter your Calculations in the yellow cells
Unit 1			Intro To Managerial Acctg
Read Chapter 17	https://www.principlesofaccounting.com/managerial-cost-accounting/
Use the following cost information to complete the schedules below for Jackson Company:
Advertising Expense	21,275		Rent expense office	24,725
Depreciation office	8,575		Rent expense selling	27,350
Depreciation selling	10,775		Rent expense factory	94,975
Depreciation factory	37,350		maintenance factory	27,375
Factory Supervision	137,250		Sales	5,928,721
Factory supplies - used	7,050		Sales salaries	237,950
Factory utilities	35,700		Raw mat beginning	41,375
Direct labor	562,475		Raw Mat ending	72,430
Indirect labor	57,000		WIP Beginning	13,550
Misc production costs	9,660		WIP Ending	13,350
Office salaries	67,350		Fin Goods Beginning	175,250
Raw Mat purchases	837,925		Fin Good Ending	152,750
Calculate the total overhead costs:
Total	0
Complete the Cost of Goods Manufatured Schedule
Direct materials
1 Beginning Raw materials inv		41,375
2 Raw materials purchases	+	837,925
3 Total raw materials available	=	879,300
4 Less: End Raw materials inv	-	72,430
5 Direct materials used	+	7,050
6 Direct labor	+	562,475
8 Total manufacturing overhead
9 Total manufacturing costs	+
10 Beginning Work in process, 1/1	+	13,550
11 Total cost of work in process
12 Less: Work in process, 12/31	-	13,550
13 Cost of goods manufactured		1,752,250
14 Beginning Finished Goods Inventory		175,250
15 Cost of Goods Manufactured	+
16 Total Goods Available for Sale
17 Less ending Finished goods	-
18 Cost of Goods Sold		172,550
Compete the partial income statement
	INCOME STATEMENT
	Sales		5,928,721
	Cost Goods Sold	-
	Gross Profit
	Selling and Admin Expenses	-
	Operating Income (EBIT)
Compete the partial balance sheet
	Balance Sheet
	CURRENT ASSETS
	INVENTORY
		RAW MATERIALS INVENTORY	837,925
		WORK IN PROCESS INVENTORY	13,550
		FINISHED GOODS INVEINTORY	13,550
		TOTAL INVENTORY	865,025