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Part 1. Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit.

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Part 1. Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit. You may write your answers on the test or attach extra pages. Please be NEAT when writing your answers. I cannot grade illegible answers. (40 points possible) 1.. (12 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. c1 Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above, prepare an Income Statement (using the traditional format). 2. (8 points) Gonzalez, Inc. manufactures stereo speakers in two factories; one in Vandalia, Illinois and another in Merced, California. The Vandalia factory uses direct labor hours (DLHs) for its overhead rate and the Merced factory uses machine-hours (MHs) for its overhead rate. Information related to both plants for last year is presented below: Required: Fill in the lettered blanks above. SHOW YOUR CALCULATIONS BELOW (For partial credit)! 3. =(12 pois sys pro Required: Prepare a 1 its, cos weighted-average method. Round the cost per unit to the nearest cent. 4. (8 points) The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 : Note: to calculate COGS you will need to use the following equation: Beg. Merch. Inventory + Merch. Purchases - End. Merch. Inventory. COGS is a variable expense. Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit

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