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Larder Company financial records Sales $950 Manufacturing OH $200 Purchase raw materials $170 Administrative expenses $180 Direct labor $210 Selling expenses $140 Beginning raw materials
Larder Company financial records Sales $950 Manufacturing OH $200 Purchase raw materials $170 Administrative expenses $180 Direct labor $210 Selling expenses $140 Beginning raw materials $70 Beginning work in process $30 Ending raw materials $80 Ending work in process $20 Beginning finished goods $100 Ending finished goods $70 a) Prepare cost of goods manufactured b) Prepare cost of goods sold c) Prepare an income statement
| Larder Company financial records | |||||||
| Sales | $950 | Manufacturing OH | $200 | ||||
| Purchase raw materials | $170 | Administrative expenses | $180 | ||||
| Direct labor | $210 | Selling expenses | $140 | ||||
| Beginning raw materials | $70 | Beginning work in process | $30 | ||||
| Ending raw materials | $80 | Ending work in process | $20 | ||||
| Beginning finished goods | $100 | ||||||
| Ending finished goods | $70 | ||||||
| a) Prepare cost of goods manufactured | b) Prepare cost of goods sold | ||||||
| c) Prepare an income statement |
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Integrated Accounting For Windows
Authors: Dale Klooster
7th Edition
0538747978, 9780538747974
