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Given the following selected account balances of Randa Company, prepare its manufacturing statement for the year ended on December 31, 2013. Include a listing of

Given the following selected account balances of Randa Company, prepare its manufacturing statement for the year ended on December 31, 2013. Include a listing of the individual overhead account balances in this statement. Sales.......................................................................................................................................

$1,252,000

Raw Materials inventory, Dec. 31, 2012.................................................................................

39,000

Goods in process inventory, Dec. 31, 2012...........................................................................

55,900

Finished goods inventory, Dec. 31, 2012...............................................................................

64,750

Raw materials purchases.......................................................................................................

177,600

Direct labor.............................................................................................................................

227,000

Factory computer supplies used............................................................................................

19,840

Indirect labor...........................................................................................................................

49,000

Repairs factory equipment..................................................................................................

7,250

Rent cost of factory building...................................................................................................

59,000

Advertising expense...............................................................................................................

96,000

General and administrative expense......................................................................................

131,300

Raw materials inventory, Dec. 31, 2013.................................................................................

44,700

Goods in process inventory, Dec. 31, 2013...........................................................................

43,500

Finished goods inventory, Dec. 31, 2013..............................................................................

Use the information from problem II above to prepare an income statement for Randa Company (a manufacturer). Assume that its cost of goods manufactured is $546,390. .

69,300

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