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heres some information I need you to help make sense of. He then handed you some information as shown in Appendix A. Can you put
heres some information I need you to help make sense of. He then handed you some information as shown in Appendix A. Can you put them into a format that I can actually understand and make sense of?
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The preparation of an Income Statement and Schedule of Cost of Goods Manufactured.
Appendix A Work in process, Jul 1, 2020 Direct materials, Jun 30, 2021 Finished goods, Jun 30, 2021 Work in process, Jun 30, 2021 Finished goods, Jul 1, 2020 Direct materials, Jul 1, 2020 Machinery purchase Plant utilities Retail store utilities Indirect manufacturing labour Depreciation - Plant and equipment Depreciation - retail store equipment Revenues Miscellaneous manufacturing overhead Miscellaneous retail store overhead Marketing, distribution and customer service costs Direct materials purchased Direct manufacturing labour Plant supplies used Property taxes on plant Council rates for retail store Sales salaries and commissions $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 100,000 50,000 120,000 20,000 400,000 300,000 6,350,000 50,000 20,000 200,000 90,000 55,000 3,500,000 100,000 70,000 190,000 800,000 400,000 60,000 10,000 3,000 350,000Step by Step Solution
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