Question
GB manufactures its own brand of pet chew bones. At the end of December 2016?, the accounting records showed the? following: 1. Prepare a schedule
GB manufactures its own brand of pet chew bones. At the end of December 2016?, the accounting records showed the? following:
1. Prepare a schedule of cost of goods manufactured for GB for the year ended December 31?, 2016. 2. Prepare an income statement for GB for the year ended December 31?, 2016. 3. How does the format of the income statement for GB differ from the income statement of a? merchandiser?
A? manufacturer's cost of goods sold is based on its____
In? contrast, a? merchandiser's cost of goods sold is based on its ___
4.GB manufactured 17,300 units of its product in 2016. Compute the? company's unit product cost for the? year, rounded to the nearest cent.
Ending Inventories Raw Materials Work-in-Process Finished goods Other information: Raw materials purchases Plant janitorial services Sales salaries Delivery costs Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Beginning $ 13,200 $9,500 1,250 5,800 $ 33,000 300 5,700 1,200 111,000 1,200 9,000 1,400 17,000Step by Step Solution
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