Part One In 2015. Pay Smith Patty's Parang Tonga Catheon to the record Part The Show the ending inventaries would appear on the holance sheet Part Two Plys Polo Putty decided to manufacturer own brand of florals oral Poe Manufacturing mchoonlow the orde Read the Part Two) Click the icon to view from Part Becor of goods sold for the year Pony's Pois Calculation of Cast of Goods eld For the Year Ended Dec 31, 2016 B TIU Puth 12.00 15.000 47.300 Gasto SA Name or the year ended Dec 31, 2018 Punya Income For the Year Ended December 11, 2016 58.000 D 5 8 of 9 (9 complete) ail shop selling Part Two: Patty's Posies was so successful that Patty decided to manufacture her own brand of floral supplies: Floral Place Manufacturing Click the icon to view the records) Read the requirements.(Part Two) Part Three She balance sheets (Click the la Data Table On December 31, 2016, her accounting records show the following 12,700 35,000 Sales revenue $ 55.000 47,700 Utilities for shop. $ 1.300 9,200 3 38.500 Tchandiser, for the year ended Dd Inventory on December 31, 2016 $ 9.200 Inventory on January 1, 2016 ... 12.700 Rent for shop $ Sales commisions $4500 Purchases of merchandise ... $35.000 2.500 016 Print Done Done $ 55,000 38.500 15.500 ut fields and then click Check Answer Clear A 80 Q 6 & DAN DD C 52 EV 3 FS * T $ % & 4 5 6 7 8 9 0 g Part Two: Patty's Posies was so successful that Patty decided to manufacture h Data Table X At the end of December 2017, her accounting records show the following: Utilities for plant. ..$ 4,400 4,200 . 5,000 Delivery expense. $ Sales salaries expense.. .$ Plant janitorial services. .$ Work in process inventory, December 31, 2017 ..... $ Finished goods inventory, December 31, 2016 ......S 1,550 4,000 0 Finished goods inventory, December 31, 2017 . $ 5,500 Sales revenue $ 102,000 Customer service hotline expense $ 1,700 he year Direct labor. ...... $ 25,000 Direct material purchases. $ 35,000 $ 8,600 Rent on manufacturing plant. Raw materials inventory, December 31, 2016. Raw materials inventory, December 31, 2017... 20,000 5,000 10,000 3,500 $ 0 Work in process inventory, December 31, 2016 6,500 Print Done n click CHRONO 12,700 0 More Info x 1 35,000 47,700 9,200 1. Patty's Posies at December 31, 2016 2. Floral Place Manufacturing at December 31, 2017 38,500 Siser, for the Print Done 55,000 38,500 16,500 Part Two: Patty's Posies was so successful that Patty decided to manufacture he own brand of floral supplies: Floral Place Manufacturing. (Click the icon to view the records.) Read the requirements (Part Two). 0 Requirements (Part Two) X 1 X 1. Calculate the cost of Goods Manufactured for Floral Place Manufacturing for the year ended December 31, 2017 2. Prepare an income statement for Floral Place Manufacturing for the year ended December 31, 2017 3. How does the format of the income statement for Floral Place Manufacturing differ from the income statement of Patty's Posies? Print Done Check Answer. Clear All 8 of 9 (9 complete) selling Part Two: Patty's Posies was so successful that Patty decided to manufacture own brand of floral supplies: Floral Place Manufacturing. (Click the icon to view the records.) Read the requirements (Part Two). * Requirements (Part Two) - Requirement (Part One) -00 000 700 200 Prepare an income statement for Patty's Posies, a merchandiser, for the year ended December 31, 2016. 500 for th Print Done Print Done 55,000 38,500 16,500 then click Check Answer. Clear All