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I'm more concerned with constructing the income statement properly, so if for some reason you can't show all the steps, then just include the income
I'm more concerned with constructing the income statement properly, so if for some reason you can't show all the steps, then just include the income statement. Thanks!
Alpha Corporation Information CODE Account Supervisor salary Production supplies WIP January 1 WIP December 31 Administrative salaries Depreciation - factory Direct Labor factory Water & Sewer factory Water & Sewer administrative Finished Goods January 1 Finished Goods December 31 Heat, light, & Power factory Marketing costs Misc. factory costs Factory maintenance and repairs Insurance manufacturing facility / factory Direct Materials Purchases Direct Materials January 1 Direct Materials - December 31 Sales Revenue Indirect labor Heat, light & Power administrative Depreciation-administrative Selling costs Factory security system Property taxes - factory Property taxes administrative Insurance-admistrative Amount $128,000.00 $16,000.00 $135,000.00 $141,000.00 $402,000.00 $114,000.00 $662,000.00 $1,300.00 $1,100.00 $144,000.00 $159,000.00 $87,000.00 $195,000.00 $15,000.00 $68,000.00 $5,800.00 $504,000.00 $102,000.00 $81,000.00 $2,488,000.00 $22,000.00 $22.600.00 $40,500.00 $19,300.00 $15,550,00 $6,600.00 $2,000.00 $4,150.00 TOTAL FACTORY OVERHEAD TOTAL SELLING AND ADMINISTRATIVE Alpha Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 2017 Direct Materials Beginning Inventory Purchases Direct Materals Available Less: Ending Direct Materials Inventory Direct Materials Used Direct Labor Factory Overhead Total Manufacturing Costs Add: Beginning WIP Inventory Total Manufacturing Costs to Account for Less: Ending WIP Inventory Cost of Goods Manufactured Income StatementStep by Step Solution
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