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Exercise 7 Prepare the simplified cost of goods manufactured schedule and partial income statement for Dutch Co. given the following : Beg. finished goods inventory
Exercise 7 Prepare the simplified cost of goods manufactured schedule and partial income statement for Dutch Co. given the following : Beg. finished goods inventory S 90 Beg. work in process inventory 72 Direct labor 90 Direct materials 270 End. finished goods inventory 108 End. work in process inventory 54 Manufacturing overhead costs 63 Sales 900 Dutch Co. Manufacturing Statement For Year Ending 12/31/QY X X X X Total Manufacturing Costs + X X X X Cost of Goods Manufactured X Dutch Co. Income Statement For Year Ending 12/31/0YX Cost of Goods Manufactured X Dutch Co. Income Statement For Year Ending 12/31/0Y Sales 900 Cost of Goods Sold X X Finished Goods Available for Sale X Cost of Goods Sold X Gross Profit X
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