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If ABC Company reports the following information: Sales$160,000 General and AdministrativeExpenses9,000 Beginning Raw MaterialsInventory6,000 Ending Raw MaterialsInventory5,000 Beginning Work-in-ProcessInventory3,000 Ending work-in-ProcessInventory2,000 Beginning Finished GoodsInventory4,000 Ending
If ABC Company reports the following information:
Sales$160,000
General and AdministrativeExpenses9,000
Beginning Raw MaterialsInventory6,000
Ending Raw MaterialsInventory5,000
Beginning Work-in-ProcessInventory3,000
Ending work-in-ProcessInventory2,000
Beginning Finished GoodsInventory4,000
Ending Finished GoodsInventory6,000
DirectLabor29,000
MaterialPurchases92,000
Mfg. Overhead (insurance % taxes)20,000
How would you render the following statements in Excel?
- ABC's Cost of Goods Manufactured Statement.
- ABC's Cost of Goods Sold Statement.
- ABC's Income Statement for ABC Co.
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