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L.O. 2. 4) 2-48. Prepare Statements for a Prepare Statements for a Manufacturing Company The administrative offices and manufacturing plant of Oakdale Tool & Die
L.O. 2. 4) 2-48. Prepare Statements for a Prepare Statements for a Manufacturing Company The administrative offices and manufacturing plant of Oakdale Tool & Die share the same build- ing. The following information (in $000s) appears in the accounting records for last year: $ 4,800 2,700 3,750 2,520 42 Administrative costs ......... Building and machine depreciation (75% of this amount is for factory).. Building utilities (90% of this amount is for factory) Direct labor.... Direct materials inventory, December 31 .. Direct materials Inventory, January 1.. Direct materials purchases......... Factory supervision ...... Finished goods inventory, December 31 .. Finished goods inventory, January 1 .. Indirect factory labor. .......... Indirect materials and supplies....... Marketing costs ...... Property taxes on building (80% of this amount is for factory) ...... Sales revenue .................... Work-in-process Inventory, December 31 .... Work-in-process Inventory, January 1 ...... 36 10,950 1,470 195 162 2,736 2,055 2,613 2,520 38,910 Required Prepare an income statement with a supporting cost of goods sold statement
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