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I need to fill out the data sheets and prepare and income statement for each company. A. JUPP) Pic dily available. Two B. Prepare an
I need to fill out the data sheets and prepare and income statement for each company.
A. JUPP) Pic dily available. Two B. Prepare an income statement for eduir - Business managers frequently operate in a world where data are not readily availah independent situations follow: Company 2 $20,000 Company 1 $10,000 5,000 12,000 Direct materials used 13,000 Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured 35,000 15,000 17,500 6,000 $23,000 $35,000 10,000 $50,000 Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold 12,000 15,000 26,000 Gross margin Selling and administrative expenses Net Income 9,500 $ ? $17,000 Required A. Based on the information given above, reconstruct the accounting data for e company B. Prepare an income statement for each company. 60. Venus Corporation's accountinn man Step by Step Solution
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