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Exercise 14-15 y basis. (a) (b) (c) Cost of goods manufactured schedule. Income statement. Balance sheet. The following items are found in its ledger and

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Exercise 14-15 y basis. (a) (b) (c) Cost of goods manufactured schedule. Income statement. Balance sheet. The following items are found in its ledger and accompanying data. For each item, indicate the schedule and/or financial statement(s) in which the item will appear. 1. Direct labor 2. Raw materials inventory, 1/1 3. Work in process inventory, 12/31 4. Finished goods inventory, 1/1 5. Indirect labor 6. Depreciation on factory machinery 7. Work in process, 1/1 8. Finished goods inventory, 12/31 9. Factory maintenance salaries 10. Cost of goods manufactured 11. Depreciation on delivery equipment 12. Cost of goods available for sale 13. Direct materials used 14. Heat and electricitv for factorv

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