Mastery Problem: Introduction to Managerial Accounting Aber Charlie Company Charles Medis starting cheesecake Bakery, Alle Bake Charlie Company to produce and senteret for stort and the meant that chand to the mamy roports he has about and how they will help him. He ask you to help him durify what the direct between Heading how Inventory, how to desithecus of his business, and how to fill in some information Managerial vs. Financial Select whether the characters are most often snodated with a contingereale con Primary and for internal decision making Gerly Accepted Accounting Principles (GAP) must be used Prepared statements may pertain to the company as a whole nither than individual departments products Information provided wilt be subjective, such as estimated future et Ordonandharther than at interval Cost Classification la vided on the the expects to increws. Decide on the future teach the road. The bombom Per bire Det Adrive C Over peace os to ma th w Dery Dorado como Financial Statements Charles found some sample income statements and halance sheets on the Internet and asked which of the might be most appropriate for a mandarina bus income mets A and and white and Determine which income statement and balance sheet would be more for a mandating business. Able tie Como Income Statement Sample Company Income Statement For the Year Ended December 31, 20Y $42.000 Fished god ventory, January 1, 2011 $5,250 Cot of good manufactured Cost of finished goods available for sale $11,650 Finished goods inventory, December 31, 2018 (100) Cont of goods sold (112501 Grosu 530,150 Going expens Sellingen 16.400 Martie Total operating per (1260) 100 Income Statement Sample Com Tecome Statement For the Year Ended December 31, 2018 Sale gewing 400 Investors $11.650 12.000 120 (400) Ending inventory Cost of goods sold Gross profit (11,250) $30,750 Operating expenses: Selling expenses Administrative expenses $6,400 5,250 Total operating expenses (11,650) Net income $19,100 Balance Sheet Sample Company C Balance Sheet December 31, 2048 Assets Cash $20,800 10,000 6,000 Accounts receivable (net) Inventory Supplies Land Total assets 2.100 17,000 $55,900 Liabilities Accounts payable $17.800 Stockholders' Equity Common stock $19.000 19,100 38,100 Retained earings Total stockholders equity Total liabilities and stockholders equity Balance Sheet D $55.900 Sample Company D Balance Sheet December 31, 2048 Assets Cash $20,800 Accounts receivable (net) 10,000 Inventory: Direct materials $2,500 Work in process 1,500 Finished goods 2,000 Total inventory 6,000 2,100 Supplies Land 17,000 Total assets $55,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Retained earnings 19,100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Which income statement is most appropriate for a manufacturing business? Which balance sheet is most appropriate for a manufacturing business? 19.100 Total stockholders 1.100 Totalities and stockholdersequity $55.900 which income statement is most appropriate for a manufacturing Butine which balance sheet is most appropriate for a manutacturing trenings Newt white Cursts and balance At the end of February, the second month of the Charlie Chates shows you the totale mounts on the chart Atletaker Charlie Company Meteit may be into courts to me the then the ancies that the new for determining the cost of wed, totaltung und demand Data for February Decretary 3.00 Material y Sorana Det materiale che $12.000 the directrice Total manufacturing costs incurred in period 22,300 Soal maturing costs incurred in period of cost of Good and Total manufacturing concurred in period 38.000 less than Cost Gede Sold Account Materials tutory Anunt Balance Jan. 31 Feb 28 Cost Incred Directed 27,000 Director incurred 16.000 Factory Overted toured Cost of Good Sold IND Mastery Problem: Introduction to Managerial Accounting Aber Charlie Company Charles Medis starting cheesecake Bakery, Alle Bake Charlie Company to produce and senteret for stort and the meant that chand to the mamy roports he has about and how they will help him. He ask you to help him durify what the direct between Heading how Inventory, how to desithecus of his business, and how to fill in some information Managerial vs. Financial Select whether the characters are most often snodated with a contingereale con Primary and for internal decision making Gerly Accepted Accounting Principles (GAP) must be used Prepared statements may pertain to the company as a whole nither than individual departments products Information provided wilt be subjective, such as estimated future et Ordonandharther than at interval Cost Classification la vided on the the expects to increws. Decide on the future teach the road. The bombom Per bire Det Adrive C Over peace os to ma th w Dery Dorado como Financial Statements Charles found some sample income statements and halance sheets on the Internet and asked which of the might be most appropriate for a mandarina bus income mets A and and white and Determine which income statement and balance sheet would be more for a mandating business. Able tie Como Income Statement Sample Company Income Statement For the Year Ended December 31, 20Y $42.000 Fished god ventory, January 1, 2011 $5,250 Cot of good manufactured Cost of finished goods available for sale $11,650 Finished goods inventory, December 31, 2018 (100) Cont of goods sold (112501 Grosu 530,150 Going expens Sellingen 16.400 Martie Total operating per (1260) 100 Income Statement Sample Com Tecome Statement For the Year Ended December 31, 2018 Sale gewing 400 Investors $11.650 12.000 120 (400) Ending inventory Cost of goods sold Gross profit (11,250) $30,750 Operating expenses: Selling expenses Administrative expenses $6,400 5,250 Total operating expenses (11,650) Net income $19,100 Balance Sheet Sample Company C Balance Sheet December 31, 2048 Assets Cash $20,800 10,000 6,000 Accounts receivable (net) Inventory Supplies Land Total assets 2.100 17,000 $55,900 Liabilities Accounts payable $17.800 Stockholders' Equity Common stock $19.000 19,100 38,100 Retained earings Total stockholders equity Total liabilities and stockholders equity Balance Sheet D $55.900 Sample Company D Balance Sheet December 31, 2048 Assets Cash $20,800 Accounts receivable (net) 10,000 Inventory: Direct materials $2,500 Work in process 1,500 Finished goods 2,000 Total inventory 6,000 2,100 Supplies Land 17,000 Total assets $55,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Retained earnings 19,100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Which income statement is most appropriate for a manufacturing business? Which balance sheet is most appropriate for a manufacturing business? 19.100 Total stockholders 1.100 Totalities and stockholdersequity $55.900 which income statement is most appropriate for a manufacturing Butine which balance sheet is most appropriate for a manutacturing trenings Newt white Cursts and balance At the end of February, the second month of the Charlie Chates shows you the totale mounts on the chart Atletaker Charlie Company Meteit may be into courts to me the then the ancies that the new for determining the cost of wed, totaltung und demand Data for February Decretary 3.00 Material y Sorana Det materiale che $12.000 the directrice Total manufacturing costs incurred in period 22,300 Soal maturing costs incurred in period of cost of Good and Total manufacturing concurred in period 38.000 less than Cost Gede Sold Account Materials tutory Anunt Balance Jan. 31 Feb 28 Cost Incred Directed 27,000 Director incurred 16.000 Factory Overted toured Cost of Good Sold IND