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Mount Olive International Manufacturing Manufacturing Data For the Month of October 31, 20XX Raw Material - Beginning $ 600,000.00 1.) How much raw material was
Mount Olive International Manufacturing Manufacturing Data For the Month of October 31, 20XX Raw Material - Beginning $ 600,000.00 1.) How much raw material was purchased? Accounting Software Subscription Expense 39,658.48 2.) How much is debited to Finished Goods? Administrative Salaries Expense 68,612.68 3.) How much is debited to Cost of Goods Sold Chief Marketing Officer Salary 96,514.00 4.) Complete the Cost of Goods Manufactured Facatory Equip. Depreciation $ 14,200.00 5.) Complete the Income Statement. Please detail the following sections: Gross Profit, Selling Expense, General & Admin. Expense. Factory Building Depreciation 1,250.00 6.) Please complete the Cost of Goods Manufactured for the Month of October. Factory Maintenance 5,400.00 7.) Please complete the Income Statement for the Month of October. Factory Property Taxes $ 11,900.00 Finished Goods - Beginning 163,200.00 Finished Goods - Ending $ 565,101.00 Legal Staff Salaries $ 20,355.68 Office Rent Expense S 16,231.90 Raw Material - Ending $ 400,000.00 Raw Materials Transfer to Job 101 $ 175,000.00 Raw Materials Transfer to Job 102 $ 197,000.00 Raw Materials Transfer to Job 103 $ 210,000.00 Sales $ 1,980,500.00 Social Media Marketing Expense $ 68,612.68 Vice President of Sales Salary 136,260.22 Wages Payable - Job 101 68,000.00 Wages Payable - Job 102 75,300.00 Wages Payable - Job 103 $ 61,500.00 WIP - Job 101 - Beginning (Completed 7/31/2022) $ 165,000.00 WIP - Job 102 - Beginning (Completed 7/31/2022) $ 280,000.00 WIP - Job 103 - Beginning (Still In Progress 7/31/2022) 310,000.00 Factory Ovheread is applied by 10% of Factory Labor
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