Question
Industrializadora, S.A. This is an industrial company that asks you to prepare your statement of cost of production, the statement of income, and the statement
Industrializadora, S.A. This is an industrial company that asks you to prepare your statement of cost of production, the statement of income, and the statement of financial position for the year ending December 31, 20XX, based on the following information: Box $ 100; banks $ 2,000; clients $ 4,000; providers $ 3,500; initial work-in-process inventory $ 3,000; starting inventory of raw materials $ 1,600; administrative expenses $ 6,800; selling expenses $ 6,300; indirect expenses $ 1,490; raw material purchases $ 2,930; sales $ 24,700; labor $ 2,450; final inventory of raw materials $ 1,500; Ending inventory of production in process $ 4,100; machinery $ 12,000 accumulated depreciation of machinery $ 1,000; office equipment $ 6,000; accumulated depreciation of office equipment $ 500; creditors $ 3,962; Ending inventory of finished items $ 4,800; discounts on purchase of raw materials $ 20; ISR 30% of operating income; other products $ 120; financial products $ 350; beginning inventory of finished items $ 6,000; long-term documents payable $ 1,018; installation expenses $ 2,000, amortization of installation expenses $ 500, and capital stock $ 21,000.
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