ome Insert Draw Page Layout FormulasData Review View Wrap Text Paste |--|Merge & Center v | $ v Score: 24% Answers ae entered in the cels with gray backgrounds Cells with non-gray backgrounds are protected and cannot be edited An astersk () will appear to the ight of an incormect entry Rainier Yakima Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Direct labor Factory ovehead Total manufacturing costs incumed durng May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory. May Finished goods inventory, May 31 S 48,200 50,000 710,000 700200 950,000 938.500) 2,860,000() 1,800,000 446.000 2,484,200 2,660,800 178,400 b5.598.500 5.598.500 400,000 382,000(c) 615,000 536,500 ( 2.491,500 190,000 9.220,000 ,550.000 Cost of goods soild Gross prof Operating expenses Not income 470 1,000,000 1,500,000 YAKIMA COMPANY Statement of Cost of Goods Manufactured For the Month Ended May 31 Pr. 18-4A + 917 Chapter 18 Introduction to Managerial Accounting Instructions t would be object? Explai. Poothills Medical Center's most logical definition for the final cost 2. Identify whether each of the costs is to be classified as direct or indirect. For purposes of classifying each cost as direct or indirect, use the patient as the cost object. PR 18-4A Manufacturing income statement, statement of cost of goods manufactured OBJ. 2, 4 s are omitted from the income statement and cost of goods manufactured ta for two different companies for the month of May. Materials inventory, May 1 $ 100,000 $ 48,200 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 3 Cost of goods manufactured Finished goods inventory, May1 710,000 938,500 1,800,000 5,998,500 2,660,600 176,400 2,491,500 190,000 615,000 Finished goods inventory, May 3 4,550,000 2,470,000 9,220,000 Cost of goods sold Gross profit Operating expenses Net income 1,000,000 1,500,000 Instructions 1. Determine the amounts of the missing items, identifying them by letter 2. Prepare Yakima Company's statement of cost of goods manufactured for May 3. Prepare Yakima Company's income statement for May PR 18-5A Statement of cost of goods manufactured and income statement for a oBJ.2, manufacturing company The following information is available for Robstown Corporation for 20Y8