Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EE (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies would appear on these balance sheets Floral Sea Manufacturing EEB (Click the icon to view the reco Read the requirements (Part Two). Part Three: Show the ending inventories that Data Table Part One egin by calculating the cost of goods sold for the year. On December 31, 2016, her accounting records show the following Paula's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2016 Utilities for shop Inventory on December 31, 2016 . .$9,600 $1,700 Beginning inventory Plus: Purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold Now prepare an income statement for Paula's Posies, a merchandiser, for the year ended 12,400 37,500 49,900 9,600 40,300 Purchases of m erchandise $37,500 Print Done Paula's Posies hoose from any list or enter any number in the input fields and then click Check Answer parts P2-44A (similar to) Question Help Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies Floral Sea Manufacturing EE (Click the icon to view the reco Read the requirements (Part Two). Part Three: Show the ending inventories that ould appear on these balance sheets Data Table Now prepare an income statement for Paula's Posies, a merchandiser, for the year ended On December 31, 2016, her accounting records show the following Paula's Posies Income Statement For the Year Ended December 31, 2016 Sales revenue Less Cost of goods sold Gross profit Less Operating expenses $ 59,000 40,300 18,700 Inventory on December 31, 2016 $ 9,600 Rent expense Sales commissions expense Utilities expense $ 3,800 4,500 1,700 Purchases of m erchandise $ 37,500 10,000 8,700 Print Done Operating income Choose from any list or enter any number in the input fields and then click Check Answer parts Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies: Floral Sea Manufacturing EEB (Click the icon to view the Read the requirements (Part Two). Part Three: Show the ending inventories that would appear on these balance sheets Data Table Begin by calculating the direct materials used during the year On December 31, 2016, her accounting records show the following Floral Sea Manufacturing Calculation of Direct Materials Used For the Year Ended December 31, 2017 Utilities for shop Inventory on December 31, 2016 . .$9,600 Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the Cost of Goods Manufactured for Floral Sea Manufacturing for the year ended $ 17,000 36,000 53,000 10,500 42,500 Purchases of merchandise $37,500 to enter O" in the appropriate cell.) Print Done Floral Sea Manufacturing hoose from any list or enter any number in the input fields and then click Check Answer Homework: Chapter 2 Homework Score: 0.87 of 1 pt AP2-44A (similar to) Save 7 of 8 (8 complete) HW Score: 98.31 %, 7.87 of 8 pts Data Table Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One). Part Two: Paula's Posies was so succe manufacture her own brand of floral Manufacturing (click the icon to view the records.) Read the requirements (Part Two). $ 3,800 $ 4,100 Delivery expense. Beginning work in process inventory Plus: Manufacturing costs incurred 0 Work in process inventory, December 31, 2017.. Finished goods inventory, December 31, 2016 Finished goods inventory, December 31, 2017 2,000 Direct labor Direct materials used Manufacturing overhead 24000 6,000 Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured Direct labor $ 24,000 Direct material purchases Choose from any list or enter any number in the input fields and then click Check Answer PrintDone Clear All remaining PPearson Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EE (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies would appear on these balance sheets Floral Sea Manufacturing EEB (Click the icon to view the reco Read the requirements (Part Two). Part Three: Show the ending inventories that Data Table Part One egin by calculating the cost of goods sold for the year. On December 31, 2016, her accounting records show the following Paula's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2016 Utilities for shop Inventory on December 31, 2016 . .$9,600 $1,700 Beginning inventory Plus: Purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold Now prepare an income statement for Paula's Posies, a merchandiser, for the year ended 12,400 37,500 49,900 9,600 40,300 Purchases of m erchandise $37,500 Print Done Paula's Posies hoose from any list or enter any number in the input fields and then click Check Answer parts P2-44A (similar to) Question Help Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies Floral Sea Manufacturing EE (Click the icon to view the reco Read the requirements (Part Two). Part Three: Show the ending inventories that ould appear on these balance sheets Data Table Now prepare an income statement for Paula's Posies, a merchandiser, for the year ended On December 31, 2016, her accounting records show the following Paula's Posies Income Statement For the Year Ended December 31, 2016 Sales revenue Less Cost of goods sold Gross profit Less Operating expenses $ 59,000 40,300 18,700 Inventory on December 31, 2016 $ 9,600 Rent expense Sales commissions expense Utilities expense $ 3,800 4,500 1,700 Purchases of m erchandise $ 37,500 10,000 8,700 Print Done Operating income Choose from any list or enter any number in the input fields and then click Check Answer parts Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One) Part Two: Paula's Posies was so successful that Paula decided to manufacture her own brand of floral supplies: Floral Sea Manufacturing EEB (Click the icon to view the Read the requirements (Part Two). Part Three: Show the ending inventories that would appear on these balance sheets Data Table Begin by calculating the direct materials used during the year On December 31, 2016, her accounting records show the following Floral Sea Manufacturing Calculation of Direct Materials Used For the Year Ended December 31, 2017 Utilities for shop Inventory on December 31, 2016 . .$9,600 Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the Cost of Goods Manufactured for Floral Sea Manufacturing for the year ended $ 17,000 36,000 53,000 10,500 42,500 Purchases of merchandise $37,500 to enter O" in the appropriate cell.) Print Done Floral Sea Manufacturing hoose from any list or enter any number in the input fields and then click Check Answer Homework: Chapter 2 Homework Score: 0.87 of 1 pt AP2-44A (similar to) Save 7 of 8 (8 complete) HW Score: 98.31 %, 7.87 of 8 pts Data Table Part One: In 2015, Paula White opened Paula's Posies, a small retail shop selling floral arrangements EEB (Click the icon to view the records.) Read the requirement (Part One). Part Two: Paula's Posies was so succe manufacture her own brand of floral Manufacturing (click the icon to view the records.) Read the requirements (Part Two). $ 3,800 $ 4,100 Delivery expense. Beginning work in process inventory Plus: Manufacturing costs incurred 0 Work in process inventory, December 31, 2017.. Finished goods inventory, December 31, 2016 Finished goods inventory, December 31, 2017 2,000 Direct labor Direct materials used Manufacturing overhead 24000 6,000 Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured Direct labor $ 24,000 Direct material purchases Choose from any list or enter any number in the input fields and then click Check Answer PrintDone Clear All remaining PPearson