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Hello, I need help with my accounting course homework. I've been out of class, due to an illness. PR 18-5A Statement of cost of goods
Hello, I need help with my accounting course homework. I've been out of class, due to an illness.
PR 18-5A Statement of cost of goods manufactured and income statement for a OBJ. 2,4 manufacturing company The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 44,250 63,900 101,200 December 31 $31,700 80,000 99,800 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 25,000 27,000 3,850,000 200,000 9,500 11,400 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory Instructions 1. Prepare the statement of cost of goods manufactured 2. Prepare the income statementStep by Step Solution
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