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I have input all of the information for the income sheet, but can not figure out the work in I progress. pls hlp Fatements of
I have input all of the information for the income sheet, but can not figure out the work in I progress. pls hlp
Fatements of a manufacturing firm income Statement inventory Balances Inventory Balances income Statement Instructions The following events took aceto e Monument of patiens as a producer of digital video does Used 59480 dered as a mourad 5180.30 oder w dincurred $215,440 of factors overhead e Transferred 549880 of work to be 1 Sold goods for $645 000 Sold goods with a 368.750 Inoured $85 120 of sengenpense incurred $71,400 of administrative expertise c lue Financial statements of a manufacturing firm Instructions Amount Descriptions Income Statement Inventory Balances Inventory Balances Shaded cells have feedback Income Statement Income Statement For the Month Ended March 31 1 Revenues $645.000.00 2 Cost of goods sold 368,750.00 3 Gross profit $276,250.00 4 Operating expenses: S $85,120.00 Selling expenses Administrative expenses 6 71,400.00 Total operating expenses 156,520.00 8 Net income $119,730.00 Check My Work eBOOK Show Me How Ed Calculator Print Item Financial statements of a manufacturing firm Instructions Amount Descriptions Income Statement Inventory Balances Inventory Balances Shaded cells have feedback Ind aded cells have feedback. b. Using the information given, determine the inventory balances at the end of the first month of operations. Materials $38,420.00 Work in process Finished goods $0.00 X $57,130.00 Points 2/3 nts 13/13 Feedback Check My Work Show the transactions in T accounts for materials, work in process inventory, and finished goods inventory Previous Next Check My Work 21 C lyStep by Step Solution
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