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I need help with this income statement please, this is all I was given for the assignment as well. Is there more I need to
I need help with this income statement please, this is all I was given for the assignment as well. Is there more I need to add or do I just need to fill this out? Thanks for the help in advance!
10 40,000 $ $ 9,000 4,000 $ 25,000 $ $ 1,000 (3,500) 4 5 6 7 Sales 8 9 Direct Materials 10 Direct Labor 11 Overhead 12 13 Total Manufacturing Costs 14 15 Work in Process - January 1 16 Work in Process - December 31 17 18 Cost of Goods Manufactured 19 20 Finished Goods Inventory- January 1 21 22 Cost of Goods Available for Sale 23 24 Finished Goods Inventory-December 31 25 26 Cost of Goods Sold 27 28 Gross Margin 29 30 Operating Expenses 31 32 Net Operating Income 33 $ (4,000) $ 26,500 $ 5,500Step by Step Solution
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