Question
Prepare a Cost of Goods Manufactured, a Cost of Goods Sold, and a Manufacturing Income Statement based on the following information for Maisies Manufacturing: for
Prepare a Cost of Goods Manufactured, a Cost of Goods Sold, and a Manufacturing Income Statement based on the following information for Maisies Manufacturing: for May. Beginning Raw Materials Inventory $100,000 Beginning Work in Process Inventory $90,000 Beginning Finished Goods Inventory $120,000 Ending Raw Materials Inventory $80,000 Ending Work in Process Inventory $100,000 Ending Finished Goods Inventory $110,000 Raw Material purchases $600,000 Sales Revenue $2,000,000 Selling General And Administrative Expenses $800,000 Direct Labor $400,000Indirect Labor $10,000 Indirect Material $20,000 Factory Rent $30,000 Factory Depreciation $ 5,000 Factory Utilities $5,000.
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