Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please prepare both statement of cost of goods sold and income statement Calibri 11 ' ' Wrap Text General 3 Copy Format Painter BIU a.
please prepare both statement of cost of goods sold and income statement
Calibri 11 ' ' Wrap Text General 3 Copy Format Painter BIU a. A. IMI + Merge & Center $ %. ipboard Font Alignment Number X fr B D E F G H 1 Clint's Beverage Co produces bottled water and has provided the following information for the month of April: Units Sold during April: 82,200 Finished Goods Inventory, April 1 $ 75,000.00 Salary of CFO: $ 175,000.00 Finished Goods Inventory, April 31 $ 70,000.00 Commissions: $ 200,000.00 Advertising: $ 750,000.00 Research and development: $ 120,000.00 Cost of Goods Manufactured: $ 1,640,000.00 Depreciation on corporate office: $ 60,000.00 Unit price per sold item $45 1. Prepare a statement of Cost of Goods Sold for the month of April. You must use a cell reference for all values. (8 pts. Graded both on formatting and correct entries) Heading Heading Heading 2. Prepare an income statement for the month of April. You must use a cell reference and/or equation for all values. (13 points. Graded both on formatting and correct entries) Heading Heading Heading Part Part 2 Part 3 Part 4 PSStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started