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Pls answer, the last pic is from the same question but with different data. plem 10-27A (Algo) Schedule of cost of goods manufactured and sold

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plem 10-27A (Algo) Schedule of cost of goods manufactured and sold LO 10-3 och Company makes eBook readers. The company had the following amounts at the beginning of Year 2 Cash. 9.000 Raw Materials inventory, $60,000: Work in Process inventory, $25,000: Finished Goods Inventory, $51000: mon Stock. $593,000, and Retoined Earnings, $212,000. Antioch experienced the following accounting events during 12. Other than the adjusting entries for cepreciation assume that all transactions are cash transactions Paid $29,000 of research and development costs 2. Paid $67000 for raw materials that will be used to make eBook roncors. Placea $87000 of the raw materials cost into the process of manufacturing eBook readers 4 Paid $61.000 for salaries of selling and administrative employees. 5. Paid $1,000 for wages of production workers 6. Pald $19.000 10 purchase equipment used in seling and administrative offices. 7. Recognized depreciation on the ot ce equipment. The equipment was accured on January 1 Year 2. It has a $19,000 salvage value and a five year life. The amount of depreciation is computed as [lost savagel + useful life). Specifically, ($119.000 - $19.000) 5 - 520000 8. Pald 5160.000 to purchase manufacturing equipment 9. Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1. Your 2. It has a $27.000 sninge value and a seven your life. The amount of depreciation is computed as [Cast - salvage) + useful lej. Speulically (5160 000 - 527000) - 7 - $19.000 10. Paid $56,000 for rent and utility costs on the manufacturing facility 1. Pald $78,000 for inventory holding expenses to completed Rook readers frental of warenouse spnes, salaries of warehouse personnel , and other general storage cost). 12. Completed ano transferred eBook readers that had total cost of $248.000 from work in process inventory to finished goods 13. Sold 820 Book readers for $440,000 14. .CoSt Antioch $123,000 to make the eBook renders sold in Event 18 Required: ..Show now that events affect the balance sheet income statement, and statement of cash flows by recording them in a horontalinancial statements model 1. Prepare a schedule of cost of goods manufactured and sold for the year 2. Preobre a fooral income statement for the year. -3. Prepare a balance shoot for the year Answer is not contato ANTIOCH COMPANY Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, Year 2 Beginning raw materials Inventory Purchases Raw materials available Ending raw materials inventory Raw materials used Labor Overhead Total manufacturing costs Beginning work in process inventory Total work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Goods available Ending finished goods inventory Cost of goods sold Req A Req C1 Reg C2 Reg C3 Prepare a formal income statement for the year. ANTIOCH COMPANY Income Statement For the Year Ended December 31, Year 2 Req A Reg C1 Reg C2 Reg C3 Prepare a balance sheet for the year. ANTIOCH COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets Stockholders' Equity Total stockholders' equity AMOCH COMPANY Financial Statement Model Invent Asset Income Statement No. Saders' Tlow Cash Work in Process Inventory 24 000 Materials 56.000 LIV Office Furniture Finished Chands 80 000 BV Manufacturing [ Misut it Common St Net Ince Reve - Expense 561.000 Retsed Logo 202.000 599.000 1 + + 2 + + + 4 5 G 7 a 9 10 11 12 13 14 Total plem 10-27A (Algo) Schedule of cost of goods manufactured and sold LO 10-3 och Company makes eBook readers. The company had the following amounts at the beginning of Year 2 Cash. 9.000 Raw Materials inventory, $60,000: Work in Process inventory, $25,000: Finished Goods Inventory, $51000: mon Stock. $593,000, and Retoined Earnings, $212,000. Antioch experienced the following accounting events during 12. Other than the adjusting entries for cepreciation assume that all transactions are cash transactions Paid $29,000 of research and development costs 2. Paid $67000 for raw materials that will be used to make eBook roncors. Placea $87000 of the raw materials cost into the process of manufacturing eBook readers 4 Paid $61.000 for salaries of selling and administrative employees. 5. Paid $1,000 for wages of production workers 6. Pald $19.000 10 purchase equipment used in seling and administrative offices. 7. Recognized depreciation on the ot ce equipment. The equipment was accured on January 1 Year 2. It has a $19,000 salvage value and a five year life. The amount of depreciation is computed as [lost savagel + useful life). Specifically, ($119.000 - $19.000) 5 - 520000 8. Pald 5160.000 to purchase manufacturing equipment 9. Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1. Your 2. It has a $27.000 sninge value and a seven your life. The amount of depreciation is computed as [Cast - salvage) + useful lej. Speulically (5160 000 - 527000) - 7 - $19.000 10. Paid $56,000 for rent and utility costs on the manufacturing facility 1. Pald $78,000 for inventory holding expenses to completed Rook readers frental of warenouse spnes, salaries of warehouse personnel , and other general storage cost). 12. Completed ano transferred eBook readers that had total cost of $248.000 from work in process inventory to finished goods 13. Sold 820 Book readers for $440,000 14. .CoSt Antioch $123,000 to make the eBook renders sold in Event 18 Required: ..Show now that events affect the balance sheet income statement, and statement of cash flows by recording them in a horontalinancial statements model 1. Prepare a schedule of cost of goods manufactured and sold for the year 2. Preobre a fooral income statement for the year. -3. Prepare a balance shoot for the year Answer is not contato ANTIOCH COMPANY Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, Year 2 Beginning raw materials Inventory Purchases Raw materials available Ending raw materials inventory Raw materials used Labor Overhead Total manufacturing costs Beginning work in process inventory Total work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Goods available Ending finished goods inventory Cost of goods sold Req A Req C1 Reg C2 Reg C3 Prepare a formal income statement for the year. ANTIOCH COMPANY Income Statement For the Year Ended December 31, Year 2 Req A Reg C1 Reg C2 Reg C3 Prepare a balance sheet for the year. ANTIOCH COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets Stockholders' Equity Total stockholders' equity AMOCH COMPANY Financial Statement Model Invent Asset Income Statement No. Saders' Tlow Cash Work in Process Inventory 24 000 Materials 56.000 LIV Office Furniture Finished Chands 80 000 BV Manufacturing [ Misut it Common St Net Ince Reve - Expense 561.000 Retsed Logo 202.000 599.000 1 + + 2 + + + 4 5 G 7 a 9 10 11 12 13 14 Total

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