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I have attached my completed Excel Spreadsheets and I just want to make sure these are correctly done. Here is the data below that I

I have attached my completed Excel Spreadsheets and I just want to make sure these are correctly done. Here is the data below that I used for my sheets.

image text in transcribedimage text in transcribed

Instructions: Prepare an original excel spreadsheet that will include three tabs: input, COGM, IS. The input should include the following data:

Inventories

Beginning

Ending

Raw Materials

$ 13,200

$ 8,000

Work-in-Process

3,000

4,000

Finished Goods

7,000

5,800

Other Information:

Raw materials purchases

$ 43,000

Plant janitorial services

200

Sales salaries

5,300

Delivery costs (outbound freight)

1,500

Sales revenue

120,000

Utilities for plant

1,600

Rent on plant

11,000

Customer service hotline costs

1,100

Direct labor

23,000

body) ZY 7 Idea Paste MA $ % ) Merge & Center . Insert Delete Format Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select G19 X fx 83000 A B D E F G H J K L M N 0 1 COGM $ $ $ $ 3,000 $ $ $ $ 13,200 43,000 56,200 (8,000) $ $ 64,200 23,000 2 3 Beginning WIP 4 DM Used: 5 Beginning RM Inventory 6 Purchases of RM 7 RM Avail. For Use 8 Ending RM 9 DM Used 10 DL 11 Mfg OH: 12 Rent On Plant 13 Utilities of Plant 14 Plant Janitorial Services 15 Total Mfg OH: 16 Total Mfg Costs 17 Total Mfg Cost to Acct For 18 Ending WIP Inventory 19 | COGM 20 21 22 23 24 25 26 27 $ $ $ 11,000 1,600 200 $ 12,800 $ $ 4,000 83,000 B14 fx A B D E F G 1 Income Statement $ $ $ $ 120,000 $ $ $ $ 7,000 83,000 90,000 (5,800) 2 3 Sales Revenue 4 COGS: 5 Beginning Finished Goods Inventory 6 COGM 7 Cost of Goods Avail. For Sale 8 Ending Finished Goods Inventory 9 COGS 10 Gross Profit 11 S&A Expenses: 12 Delivery Cost 13 Customer Service Cost 14 Sales Salaries 15 Total S&A Expenses 16 Operating Income $ $ 95,800 24,200 $ $ 1,500 1,100 5,300 $ $ $ 7,900 16,300 17 18 19

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