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please please fast The following is information for Barnes Manufacturing for the year ended 12/31/20; Sales revenue Direct labor Direct materials purchased Factory rent Sales
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The following is information for Barnes Manufacturing for the year ended 12/31/20; Sales revenue Direct labor Direct materials purchased Factory rent Sales office rent Depreciation factory equipment Factory custodian salary Sales office security guard salary $600,000 $90,000 $150,000 $70,000 $50,000 $25,000 $40,000 $45,000 Inventory balances; Direct materials inventory WIP inventory Finished goods inventory 12/31/20 $30,000 $55,000 $95,000 1/1/20 $20,000 $60,000 $85,000 Required - Prepare the following a. Direct materials schedule b. Cost of goods manufactured schedule c. Cost of goods sold schedule d. Income Statement Step by Step Solution
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