Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

People Tab Window Help 35% (3) Mon 3:15:36 PM lans Manufacturing Income Statem Assignment/takeAssignment Main.do?invoker=&take AssignmentSession.ocator-Einprogress=false Book Print Hom Manufacturing Income Statement, Statement of Cost

image text in transcribed
image text in transcribed
People Tab Window Help 35% (3) Mon 3:15:36 PM lans Manufacturing Income Statem Assignment/takeAssignment Main.do?invoker=&take AssignmentSession.ocator-Einprogress=false Book Print Hom Manufacturing Income Statement, Statement of Cost of Goods Manutactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods Inventory, December 31 Sales Cost of goods sold On Off Company Company $63,860 $81,100 (a) 91,640 162,200 (a) 171,140 (b) 240,750 182,480 74,720 90,830 (b) 524,720 609,220 609,220 122.610 195.450 103,450 (c) (C) 519,850 107.920 90,830 113,030 (d) 943,300 311,000 (d) 524,720 Check My Work Previous All work saved Email Instructor Save and Submit Assignment for Grading 29 GRA MacBook Pro People Tab Window Help 36% (4) More Manufacturing Income Statem x ceAssignment/take Assignment Main.do?invoker=&takeAssignmentSessionlocator=&inprogress=false eBook Print Item Finished goods inventory, December 31 113,030 (d) Sales 941,300 811,000 Cost of goods sold (d) 524,720 Gross profit (e) (e) Operating expenses 122,610 Net income 180,040 Required: 1. Determine the amounts of the missing items, Identifying them by letter. Enter all amounts as positive numbers. Letter On Company oft Company a. 54,920 X b. S 486,610 505,770 d. 500,660 e. S 440,640 1. 318,030 Fees 1 Check My Work Previous All work saved Email Instructor Save and Eat Submit Assign

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Audits For Continuous Business Improvement

Authors: Parbatee Chang

2nd Edition

1507679483, 978-1507679487

More Books

Students also viewed these Accounting questions

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago