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Just need 3 in this format with cost of finished goods available for sale: PR 18-4A Manufacturing income statement, statement of cost of goods OBJ.
Just need 3 in this format with cost of finished goods available for sale:
PR 18-4A Manufacturing income statement, statement of cost of goods OBJ. 2,3 manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2016: Pous Volt Company Company Materials inventory, December $ 280,280 SU72.000 Matedals.inventory December 180.000 Materials purchased 72,800 342.000 Cost of direct materials used in production 752,400 ca Dired labor 1058.400 (b) Factory overhead 32Z6Q 180.000 Total manufacturing costs incurred during December (6) 1,035.000 Totalmanufacturing costs 2.678.400 1472.500 Work in process inventory, December $40,000 442.500 Workio processjoveotocy, Decembec31 453,600 Cost of goods manufactured 1024,500 Finished goods inventory. December 475,200 204,000 Finisbed, goods joventot Decembec3) 496,800 (d) Sales 4.140,000 1675,500 Cost of goods.sold (d) 1,051.500 Gross profit (e) Qperatiog expenses $40.000 Net income 384.000 lostructions 1. Determine the amounts of the missing items, identifying them by letter, 2. Prepare Volt Company's statement of cost of goods manufactured for December. 3. Prepare Yolt Company's income statement for December. . VOLT COMPANY Income Statement For the Month Ended December 31, 2016 $1,675,500 $ 204,000 1.024.500 Sales Cost of goods sold Finished goods inventory, December 1, 2016 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 2016 Cost of goods sold Gross profit Operating expenses Net income 177,000 1,051,500 $ 624,000 240,000 $ 384,000
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