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Jordan Company has the following information for the year ended December 31, 2024 (Click the icon to view the information) Use the information to
Jordan Company has the following information for the year ended December 31, 2024 (Click the icon to view the information) Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions Data table Begn by preparing a schedule of cost of goods manufactured Jordan Company Schedule of Cost of Goods Manufactured Beginning Ending Inventory balances: Work-in-Process Year Ended December 31, 2024 5 12 (in millions) Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Direct Materials Used Cost of Goods Manufactured Print Done $ 16 15 23825 62 20 31
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