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II. Ending June 30 records for June 30 for ABC Company Revenue 1,600,000 Raw Materials Purchased in Month 150,000 Direct Labor Cost 55,000 Advertising Expense
II. Ending June 30 records for June 30 for ABC Company | |||||||
Revenue | 1,600,000 | ||||||
Raw Materials Purchased in Month | 150,000 | ||||||
Direct Labor Cost | 55,000 | ||||||
Advertising Expense | 25,000 | ||||||
Rent on Factory | 42,000 | ||||||
Sales Commissions | 70,000 | ||||||
Maintenance Expense on factory Equip. | 22,000 | ||||||
Supplies for the Factory | 3,500 | ||||||
Depreciation on Factory Equipment | 35,000 | ||||||
Indirect labor Cost | 50,600 | ||||||
Utilities Expense for Factory | 12,000 | ||||||
Depreciation on Sales Office Cars | 22,000 | ||||||
Raw Matl | WIP | Finished Goods | |||||
Beginning Inventory | 12,000 | 15,000 | 35,000 | ||||
Ending Inventory | 8,000 | 20,000 | 40,000 | ||||
Prepare the Cost of Goods Manufactured and Cost of goods sold for the month below | |||||||
Create an Income Statement for the month (Simple format, include period costs) | |||||||
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