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Lederman Manufacturing Corporation (see image) sold 14,000 units of product for $45 each during 2019. During the year, 5,000 shares of common stock were outstanding.
Lederman Manufacturing Corporation (see image) sold 14,000 units of product for $45 each during 2019. During the year, 5,000 shares of common stock were outstanding. Prepare an income starement for the year (ignore income taxes). Calculate earnings per share.
Materials inventory, January 1 Materials inventory. December 31 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased. Direct labor. Indirect materials Indirect labor. Factory supplies used. Factory depreciation... Factory repairs and maintenance Selling expenses (total) Non-factory administrative expenses (total) $ 25,000 15,000 30,000 41,000 51,000 36,000 150,000 148,000 12,000 37,000 10,000 65,000 21,000 62,000 58,000 fanturine Cornoration Step by Step Solution
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