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0 wegg Colla Corporation of 2017 End of 2017 1 Dec ses invento 136,400 76,650 190,300 Workin-orocess into 152,250 Finished goods invento 264,000 216,300 10 Purchase of direct materials 275,100 11 Direct manufacturing labor 227,850 12 Indirect manufacturing labor 101,850 13 Platinum 9,450 14 Depreciation plant, building and equipment 47,250 15 Plant bites 27,300 16 Repair and maintenance plant 12,600 17 Production equipment Leasing costs 68,250 18 Marketing distribution, and customer service costs 131,250 19 General and administrative costs 74 550 20 Revues 1,165,000 21 22 Answer ceils must remain in the same location so do not insert/delete columns Arrows in the file Numericans won must include a fomula or 25 24 1. Prepare a schedule for the cost of good manufactured in 2017. 25 26 Carolina Corporation 27 Schedule of Cost of Goods Manufactured Year Ended December 31, 2017 29 lin thousands 30 Oreos cost 31 besinning inventory 32 Pusthostomata Ending Inventory 34 35 Direct muted 36 Crect manufacturing labor costs 12 Manutecturer hos oss 30 Indirect manufacturing labor 99 Planina Flat decision plant building and out Band maintenance Luipment in casa Saludos 45 Macturing costs incumdaning 2017 44 Am 47 Tacturing on to count for A Edinmesinden Cost af modsatured SO 51 2. Po the income tamen 2017 41 44 Cara Cependien Income Salement Yew Ended December 2017 Com od CH2B BIU a. Av Merge Open recovered workbooks? Your recent changes were saved. Do you want to continue working whe x fx Marketing, dustribution and customer service really B An Introduction to Cost Terms and Purposes Free work cells Cost of goods manufactured, income statement, manufacturing company Answer cells Consider the following account balances (in thousands) for the Carolina Corporation: 5 Beginning 6 Carolina Corporation of 2017 End of 2017 7 Direct materials inventory 136,400 76,650 8 Work-in-process inventory 190,300 152,250 9 Finished-goods inventory 264,000 216,300 10 Purchases of direct materials 275,100 11 Direct manufacturing labor 227,850 12 Indirect manufacturing labor 101,850 13 Plant insurance 9,450 14 Depreciation-plant, building, and equipment 47,250 15 Plant utilities 27,300 16 Repairs and maintenance-plant 12,600 17 Production equipment leasing costs 68,250 18 Marketing, distribution, and customer-service costs 131,250 19 General and administrative costs 74,550 20 Revenues 1,365,000 21 22 Answer cells must remain in the same location so do not Insert/delete columns or rows in the file. Numericans 23 24 1. Prepare a schedule for the cost of goods manufactured in 2017. 25 26 Carolina Corporation 27 Schedule of Cost of Goods Manufactured 28 Year Ended December 31, 2017 29 (in thousands) 30 Direct materials costs: Beginning Inventory Purchase cost of direct materials Ending Inventory 31 14 CH26 + te BI USA. Open recovered workbooks? Your recent changes were saved. Do you want to continue working wh * vf Marketing, dustribution and customer service really B Direct materials costs: Beginning Inventory Purchase cost of direct materials Ending Inventory 44 Direct materials used - Direct manufacturing labor costs Manufacturing overhead costs: Indirect manufacturing labor 9 Plant Insurance -0 Plant utilities 1 depreciationplant building and equipment 12 Repairs and maintenance 43 Equipment leasing costs Total manufacturing overhead costs 45 Manufacturing costs incurred during 2017 46 Beginning Work-in-process inventory 47 Total manufacturing costs to account for 48 Ending Work-in-process inventory 49 Cost of goods manufactured 50 SI 2. Prepare the income statement for 2017, 52 53 Carolina Corporation Income Statement 55 Year Ended December 31, 2017 (in thousands) 58 Cost of goods sold: GO 61 02 Cost of goods sold + CH2 EN recent changes were saved. Do you want to continue working where you f Marketing, dustribution and customer service really B depreciation-plant building and equipment Repairs and maintenance Equipment leasing costs Total manufacturing overhead costs Manufacturing costs incurred during 2017 Beginning Work-in-process inventory Total manufacturing costs to account for 3 Ending Work-in-process inventory - Cost of goods manufactured 50 51 2. Prepare the income statement for 2017. 53 Carolina Corporation 54 Income Statement 55 Year Ended December 31, 2017 56 (in thousands) 57 58 Cost of goods sold: 59 60 61 62 53 Cost of goods sold 64 Gross margin 65 Operating costs: 66 47 Marketing, dustribution and customer service really Total operating costs tis Operating income (loss) 72 za CH20 Edit esc