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Just need help with the income statement and balance sheet on the last pic plz total assets on balance sheet: 194,00 Sampson Company uses a
Just need help with the income statement and balance sheet on the last pic plz total assets on balance sheet: 194,00 Sampson Company uses a job order cost system with overhead applied based on direct labor hours. See estimated amounts below. Note the beginning balances for Finished Goods (Job 101) and Work-in-Process (Jobs 102&103 ) for the costs accumulated to date. Also note, the beginning balances in the other balance sheet accounts. During January the comapny had the following transactions: Applied overhead to jobs based on the number of direct labor hours required Recorded the following actual manufacturing costs: Recorded the following general and administrative costs: (e) Recorded the following actual manufacturing costs: \begin{tabular}{|l|l|} \hline & \multicolumn{1}{|c|}{ Amount } \\ \hline Rent & 6,000 \\ \hline Depreciation & 5,000 \\ \hline Insurance & 3,000 \\ \hline Utilities & 2,000 \\ \hline \end{tabular} (f) Recorded the following general and administrative costs: (g) Sold Job 101, which is recorded in Finished Goods: \begin{tabular}{lr|} \hline Sales Price & 55,000 \\ \hline Cost & 30,000 \\ \hline \end{tabular} (h) Completed Job 102 but did not sell it; Job 103 is still in process at year-end. \begin{tabular}{|l|l|l|l|} \hline B & C & D & E \\ \hline Balance & 32,000 & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Stockholdor' Equity } \\ \hline & 70,0001/1/18(Beg) \\ & 117,000 Balace \\ \hline \end{tabular} \begin{tabular}{l} S. \\ \hline Sales Revenue \\ Less: Cost of Goods Sold \\ \hline Beginning Finished Goods Inventory \\ \hline Plus: Cost of Goods Manufactured" (see \\ schodule above) \\ \hline Cost of Goods Available for Sale \\ \hline Less: Ending Finished Goods Inventory \\ \hline Unadjusted Cost of Goods Sold \\ Under-/Overapplied Overnead \\ \hline Adjusted Cost of Goods Sold \\ \hline Gross Profit \\ Loss: Operating (Period) Expenses \\ \hline Net Income from Operations \end{tabular}
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