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Following is partial operating information for TWD Corp for the year ended December 2 0 2 5 Operating information for the year ended December 3
Following is partial operating information for TWD Corp for the year ended December
Operating information for the year ended December
Accounts Amount $s
Depreciation of manufacturing equipment
Depreciation of office equipment
Direct manufacturing labor
Direct Materials Control
Direct Materials Control
Direct materials purchased
Finished Goods Inventory Control
Finished Goods Inventory Control
General office expenses
Indirect manufacturing labor
Plant safety costs
Manufacturing plant utilities
Marketing and distribution costs
Miscellaneous manufacturing plant overhead
Property taxes on manufacturing plant building
Sales Commision
Sales Revenue
Salespersons' company vehicle costs
WorkInProcess Inventory Control
WorkInProcess Inventory Control
Task : Generate Summary Support schedules
Use direct references linking to cells in the Data worksheet to create a summary schedules for:
Direct Materials Used in Production
Manufacturing Overhead Costs
Selling General and Administrative expenses
Task : Complete the Cost of Goods Manufactured Schedule
Use the "vlookup" formula to obtain the values for the direct manufacturing labor, beginning and ending WIP balances from the Data Worksheet.
Task : Complete the Cost of Goods Sold Schedule
Use the vlookup formula to obtain the values for the beginning and ending Finished Goods Inventory from the Data Worksheet
Task : Generate an Income Statement
Generate an Income Statement for TWD for the year ending
Task : Recreate TAccounts
Use the information you have generated in Tasks to construct the TAccounts for: Direct Materials Control, WIP Control, and FGI Control.
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