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For each of the following accounts for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet, the
For each of the following accounts for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet, the income statement, the schedule of cost of goods manufactured, and/or a detailed listing of factory overhead costs. Assume that the income statement shows the calculation of cost of goods sold and the schedule of cost of goods manufactured shows only the total amount of factory overhead. (An account can appear on more than one report. Be certain to select "No" wherever required.) Account Balance Sheet [Yes No -37 Income Statement Yes Yes Yes Schedule of COGM Yes INo Yes Overhead Report No INO Yes No Beginning raw materials inventory Income taxes Insurance on factory building Cost of goods sold Factory supervisor salary Ending raw materials inventory Cash Factory utilities Interest expense Accounts receivable Beginning finished goods inventory
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