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need help plz with these 10 questions for accounting Income Statement for a Manufacturing Company Two items are omitted from each of the following three
need help plz with these 10 questions for accounting
Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Cost of Goods Manufactured for a Manufacturing Company The following information is available for Fuller Manufacturing Company for the month ending October 31: Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31 . Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March. I Feedback vasan- b. Add the cost of goods manufactured from (a) to the beginning finished goods inventory. Subtract the ending finished goods inventory. Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $50,700 of materials. b. Used $39,000 of direct materials in production. c. Incurred $58,300 of direct labor wages. d. Incurred $82,100 of factory overhead. e. Transferred $136,400 of work in process to finished goods. . Sold goods for $243,900. 9. Sold goods with a cost of $108,500. h. Incurred $62,400 of selling expense. i. Incurred $27,400 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. Feedback r chea Wrwos. a. Use %,g,h, and I in preparing the income statement. b. Determine the inventory balances at the end of the first month of operations. Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Using the above information, determine the following missing amounts: Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31 : a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Feedback a. Add the cost of goods manufactured to the beginning finished goods. Subtract the ending finished goods. b. For the month ended January 31, determine Bandera Manufacturing's gross profit. Feedback b. Sales minus cost of goods sold equals gross profit. c. For the month ended January 31, determine Bandera Manufacturing's net income. Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Determine the cost of direct materials used in production by Walker during the month ended June 30 . Castifying The following is a manufacturing cest report of Marching Arts inc. a. 1. Select the correct sentence for emors in the preceding report. 1. The mainteriance salaries of $54,500 and indirect materials of \$43,000 should be included as factory overthead. 2. The indirect materials of $43,000 should be included as factiory ovesteand. 4. Haif of the maintenance warles of \$64,500 and indirect materials of $43,000 should be included as factory overthead. a. 2. Select the conrect sentence for enrers in the precteding report. 1. Sales salaries, proenotional expenses, corporate effice insurance and property taves, and coparate office depreciation should not be included in factory everhead. 2. Promotional expenses, corporate office insurance and property taxes, and corporate office depreciation should not be included in factory overtiead. I. Soles salaries, promotional expenses, corporate office insurance and property taxes should not be included in factory overbead 4. Half of sales selaries, promotionse expenses, corpornte office invurance and property taves, and corporate office depreciation should not be included in factory overhead. I. b. Prenare a corrected renort Step by Step Solution
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