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Hi! I have 4 questions of managerial accounting that are due in 4 hours. Please help me out! Thank you in advance. The following events

Hi! I have 4 questions of managerial accounting that are due in 4 hours. Please help me out! Thank you in advance.

image text in transcribed The following events took place for Video Wave Manufacturing Company during January 2016, the first month of its operations as a producer of digital video monitors: a. Purchased $133,200 of materials. b. Used $94,080 of direct materials in production. c. Incurred $180,320 of direct labor wages. d. Incurred $211,680 of factory overhead. e. Transferred $425,320 of work in process to finished goods. f. Sold goods with a cost of $365,000. g. Earned revenues of $652,000. h. Incurred $86,520 of selling expense. i. Incurred $71,250 of administrative expense. Required: Using the information given, complete the following: A. Prepare the January 2016 income statement for Video Wave Manufacturing Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. B. Determine the inventory balances at the end of the first month of operations. --The following information is available for Ethtridge Manufacturing Company for the month ending January 31, 2016: Cost of direct materials used in production $390,000 Direct labor 336,000 Work in process inventory, January 1 162,000 Work in process inventory, January 31 170,400 Total factory overhead 234,000 Determine Ethtridge's cost of goods manufactured for the month ended January 31, 2016. --Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows: Inventories March 1 March 31 Materials $315,000 $277,200 Work in process 214,200 239,400 Finished goods 163,800 189,000 March 31 Inventories Materials March 1 $315,000 March 31 $277,200 Direct labor $567,000 Materials purchased during May 604,800 Factory overhead incurred during May: Indirect labor 60,480 Machinery depreciation 36,000 Heat, light, and power 12,600 Supplies 10,080 Property taxes 8,820 Miscellaneous costs 16,380 Required: A. Prepare a cost of goods manufactured statement for March 2016. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. \"Less\" or \"Plus\" will automatically appear if it is required. Enter all amounts as positive numbers. B. Determine the cost of goods sold for March 2016. --The following information is available for The NewQuest Corporation for 2016: Inventories January 1 December 31 Materials $351,000 $436,800 Work in process 631,800 592,800 Finished goods 608,400 576,000 December 31 Advertising expense $ 296,400 Depreciation expense-office equipment 42,120 Depreciation expense-factory equipment 56,160 Direct labor 670,800 Heat, light, and power-factory 22,460 Indirect labor 78,750 Materials purchased 659,800 Office salaries expense 185,000 Property taxes-factory 18,500 Inventories Materials January 1 $351,000 December 31 $436,800 Property taxes-office building 32,400 Rent expense-factory 32,000 Sales 3,010,000 Sales salaries expense 420,000 Supplies-factory 15,400 Miscellaneous costs-factory 9,500 Required: A. Prepare the 2016 statement of cost of goods manufactured.* B. Prepare the 2016 income statement.* * Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. \"Less\" or \"Plus\" will automatically appear if it is required. Enter all amounts as positive numbers

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