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please answer both questions, it would really mean a lot to me and help me out. i will leave thumbs up thank you so much
please answer both questions, it would really mean a lot to me and help me out. i will leave thumbs up thank you so much Using the following information for Superior Manufacturing Company, prepare a manufacturing statement and an income statement for the year ended December 31, 2017. (Assume a 25% income tax.) Further assume that all raw materials used were direct materials and the factory overhead costs were totaled for you on a separate schedule. Raw Materials Inventory January 1, 2017.. $20,000 Raw Materials Inventory December, 31, 2017........ 40,000 Work in Process Inventory January 1, 2017 50,000 Work in Process Inventory December 31, 2017................. 80,000 Finished Goods Inventory January 1, 2017 120.000 Finished Goods Inventory December 31, 2017.. 60,000 Administrative Expenses.......... 30.000 Selling Expenses......... 60,000 Sales........ 600,000 Raw Materials purchases during 2017.......... 150,000 Direct Labor 120,000 Factory Overhead (per separate schedule).......... 180,000 Managerial Accounting Concepts and Principles - Ethics Case 2 3 Ethics: Where do you draw the line As the accountant of Casey Computer, Co., Sam Butler is aware of Casey's financial condition. Casey is close to signing a lucrative contract that should ensure its future. The controller states that the company must report a profit this year. He suggests: 'Two customers have placed orders that are scheduled to be shipped January 3, when production of those orders is completed. Let's record the goods as finished and bill the customer on December 31 so we can show the profit from those order in the current year." What should Sam do? What would you do
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