Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please do part two of the problem Part One: In 2015, Pricilla LaDota opened Priclla's Posies, a small retal shop seling floral Part Two Prici

Please do part two of the problem

image text in transcribed

Part One: In 2015, Pricilla LaDota opened Priclla's Posies, a small retal shop seling floral Part Two Prici a's Posies was so successful that Pricil a decided to manufacture her own Part Three Show the ending inventories that would appear on these balance sheets pplies: Floral Village Manufacturing. brand of floral Floral EEB (Click the icon to view the records.) (Click the icon to view additional information.) EEB (Click the icon to view the records.) Read the requirement (Part One Data Table Part One Begin by calculating the cost of goods sold for the year Requirements (Part Two) Pricilla's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2016 At the end of December 2017, her accounting records show the following 1 Calculate the Cost of Goods Manufactured for Floral Village Manufacturing for the year ended December 31, 2017 Prepare an income statement for Floral Village Manufacturing for the year ended December 31, 2017 How does the format of the income statement for Floral Village Manufacturing differ from the income statement of Pricilla's Posies? Utilities for plant Delivery expense Sales salaries expense Plant janitorial services Work in process inventory, December 31, 20174,500 Finished goods inventory, December 31, 2016 .. $ Finished goods inventory, December 31, 20176,000 Sales revenue Customer service hotline expense Direct labor Direct material purchases Rent on manufacturing plant Raw materials inventory, December 31, 2016 Raw materials inventory, December 31, 2017 Work in pracess inventory, December 31, 2016 5,100 3,500 4,100 1,050 Beginning inventory 52000 2. Plus t of goods sold 3. Less Print Done S 105,000 1,300 5 27,000 37,000 9,400 5 16,0D0 7,500 hoose trom any list or enter any number in the input hields and then parts Check

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

Step: 3

blur-text-image

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

Audit And Assurance Q And A 2016

Authors: ACA Simplified

1st Edition

1523200464, 978-1523200467

More Books

Students also viewed these Accounting questions