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if you could help with the blank ones and also creating a balance sheet to go along with it! Prepare an income statement for May
if you could help with the blank ones and also creating a balance sheet to go along with it!
Prepare an income statement for May 2022 through gross profit Prepare a condensed cost of goods manufactured schedule for May 2022. At May 31, 2022, the accounts of Blossom Company show the following. 1. May 1 inventories - finished goods $10,080, work in process $11,760. and raw materials $6,560. 2. May 31 inventories - finished goods $7,600, work in process $12,720, and raw materials $5,680. 3. Debit postings to work in process were direct materials $49.920, direct labor $40,000, and manufacturing overhead applied $32,000. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $172,000 Step by Step Solution
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