Introduction to Managerial Accounting 1. Tucker Company, a manufacturing firm, has supplied the following information from its accounting records for the month of April. Direct labor cost Purchases of raw materials Factory insurance Research and development Factory property taxes Sales commissions paid Work in process, April 1 Work in process, April 30 Materials inventory, April 1 Materials inventory. April 30 Finished goods inventory April 1 Finished goods inventory, April 30 $12,000 17,000 4,000 7,500 3.000 4,500 2,000 2,800 1.475 1.200 2.250 50 Required: Prepare a Statement of Cost of Goods Manufactured 2. Ashland Company, maker of kitchen cabinets, incurred the following costs during the current year. Required: Classify each cost as either a product or period cost. Product Period Depreciation on automobiles used by the sales staff, 12 Salary of Ashland's chief executive officer 13 Glue used in the production process A Supplies for factory washroom 25. Research and development costs 6. Property taxes on factory building Salary of company controller BDepreciation on furniture in factory lunchroom Cost of lubricating machines 10 Wood used in production process 3. Cashman Company supplied the following information for the month of December. Operating income percent 10.5% Gross margin percent 30% Required: Solve for the following amounts assuming that Cashman Company's operating income in December was $44,100. A Sales revenue . Cost of goods sold C. Total selling and administrative expenses 4. See the following separate cases. Purchase of materials Materials inventory (beginning balance Materials inventory (ending balance) Direct labor Factory supervision Factory supplies Total manufacturing costs Work in process inventory (beginning balance Work in process inventory (ending balance) Cost of goods manufactured Required: Solve for the missing amounts (A,B,C,D). Case #1 $5,000 A 1,000 7,000 1,500 1,250 14.500 1.200 B $14,600 Case #2 $220 350 4,250 1,100 900 D 1.230 650 $10.200 5. Baleen Company supplied the following data at the end of the current year. Sales commissions Sales revenue Research and development Finished goods inventory, Jan. 1 Work in process inventory, Jan 1 Finished goods inventory, Dec. 31 Work in process inventory, Dec. 31 Cost of goods manufactured Required: Prepare an income statement for Baleen Company $12,000 120.000 17.000 7,500 9,000 6,000 11,000 52.000