PR 15-5A: Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturing Company...
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PR 15-5A: Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturing Company The following information is available for Robstown Corporation for 20YY: Inventories Raw Materials (RM) Work in process (WIP) Finished Goods (FG) January 1 December 31 44,250 31,700 63,900 80,000 101,200 99,800 Other Expenses Advertising expense Depreciation expense - office equipment Depreciation expense - factory equipment Direct labor Heat, light and power - factory Indirect labor Material purchased Office salaries expense Property taxes - factory Property taxes - office building Rent expense-factory Sales 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 25,000 27,000 3,850,000 Sales salaries expense Supplies - factory Miscellaneous costs -factory 200,000 9,500 11,400 Required: Prepare the following for Robstown for the year ended December 31, 20YY. A. COGM Statement Robstown Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 20YY RM/FOH Coss added COGM PR 15-5A: Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturing Company The following information is available for Robstown Corporation for 20YY: Inventories Raw Materials (RM) Work in process (WIP) Finished Goods (FG) January 1 December 31 44,250 31,700 63,900 80,000 101,200 99,800 Other Expenses Advertising expense Depreciation expense - office equipment Depreciation expense - factory equipment Direct labor Heat, light and power - factory Indirect labor Material purchased Office salaries expense Property taxes - factory Property taxes - office building Rent expense-factory Sales 400,000 30,000 80,000 1,100,000 53,300 115,000 556,600 318,000 40,000 25,000 27,000 3,850,000 Sales salaries expense Supplies - factory Miscellaneous costs -factory 200,000 9,500 11,400 Required: Prepare the following for Robstown for the year ended December 31, 20YY. A. COGM Statement Robstown Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 20YY RM/FOH Coss added COGM
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