Part One: In 2015, Petunia White opened Petunia's Posies, a small retail shop selling floral arrangements

part one, part two, part three

P2-44A (similar to) 0 Requirement (Part One) Part One: In 2015, Petunia White opened Petunia's Posies, a small retail shop seling floral arrangements Click the icon to view the records) Read the requirement (Part One) Prepare an income statement for Petunia's Posies, a merchandiser, for the year ended December 31, 2016 Print Done D Part One Begin by calculating the cost of goods sold for the year. Petunia's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2016 Plus Less On December 31, 2016, her accounting records show the following: Sales revenue.. $ 54,000 Utilities for shop ......... $1,000 Inventory on December 31, 2016... 5 10,000 Inventory on January 1, 2016......$ 12,900 Rent for shop $ 4200 Sales commisions 2 54200 Purchases of merchandise $ 34,000 Choose from any list of enter any number in the input fields and then clic Print Done 8 parts remaining UPU Data Table - X Part Two: Petunia's Posies was so successful that Petunia decided to manufacture her own brand of floral supplies: Floral Place Manufacturing, (Click the icon to view the records) Read the requirements.(Part Two) At the end of December 2017, her accounting records show the following Requirements (Part Two) 0 Utilities for plant S 4,500 Delivery expense $ 3.500 Sales salaries expense S 4,800 Plant janitorial services. S 1,250 Work in process inventory, December 31, 2017 $ 2,500 Finished goods inventory, December 31, 2016 ...... 5 0 0 Finished goods inventory, December 31, 2017 $ 5,500 Sales revenue ........ $ 100,000 Customer service hotline expense $ 1,800 Direct labor $ 28,000 Direct material purchases $ 39,000 Rent on manufacturing plant $ 9,200 Raw materials inventory, December 31, 2016 $ 13,000 Dumanciale inventor. Dember 2017 . 11 10 500 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 Petunia's Posies? Print Done Print Done ck Answer Data Table GA $ $ .. $ .. $ $ $ .. $ Utilities for plant 4,500 Delivery expense .. $ 3,500 Sales salaries expense 4,800 Plant janitorial services 1,250 Work in process inventory, December 31, 2017 ...... $ 2,500 Finished goods inventory, December 31, 2016 0 Finished goods inventory, December 31, 2017 5,500 Sales revenue..... ..$ 100,000 Customer service hotline expense .. $ 1,800 Direct labor ..$ 28,000 Direct material purchases $ 39,000 Rent on manufacturing plant 9,200 Raw materials inventory, December 31, 2016 ........$ 13,000 Raw materials inventory, December 31, 2017 ........$ 10,500 Work in process inventory, December 31, 2016 $ 0 GA Part Three: Show the ending inventories that would appear on these balance sheets: (Click the icon to view additional information.) More Info 1. 2. Petunia's Posies at December 31, 2016 Floral Place Manufacturing at December 31, 2017 Print Done