Question
MUST SHOW ALL WORK Chambers Manufacturing Firm had following information for April 2015: Beginning Raw Materials Inventory $ 25,000 Beginning Work-in-process Inventory 30,000 Beginning Finished
MUST SHOW ALL WORK
Chambers Manufacturing Firm had following information for April 2015: Beginning Raw Materials Inventory $ 25,000 Beginning Work-in-process Inventory 30,000 Beginning Finished Goods Inventory 32,000 Ending Raw Materials Inventory 24,000 Ending Work-in-process Inventory 28,000 Ending Finished Goods Inventory 34,000 Raw materials purchased 250,000 Assembly line labor costs 175,000 Sales Revenue 875,000 Factory supplies used 4,500 Depreciation on factory 22,000 Depreciation on production machinery 35,000 Depreciation on sales office 13,000 Depreciation on administrative equipment 9,000 Sales salaries 78,000 Factory supervision 65,000 Factory security guard cost 33,000 Office security guard cost 28,000
Required:
Prepare a cost of goods manufactured schedule.
Prepare a cost of goods sold schedule.
Prepare an Income Statement.
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