Question
Prime Cast, Conversion Cost, Preparation of Income Statement Manufacturing Firm Kilder Company makes esies ar artists. During the last calendar year, a total of
Prime Cast, Conversion Cost, Preparation of Income Statement Manufacturing Firm Kilder Company makes esies ar artists. During the last calendar year, a total of 20,009 enes were made, and 21,000 was sold for $50 each. The actual unit cnt is as follows Det materials $11.00 5.00 O D Variable overhead 18.00 16.00 $42.00 Fixed overfeed Total The sefing expense consisted of a commission of $1.00 per unit said and advertising co-payments totaling $1,500. Administrative experes, all fired, equaled $181,500 There were a beginning and ending work-in-process inventielen. Beginning fushed goods evenbory was $130,000 for 3,300 ease Required 1. Calculate the member and the hullar value of eases in ending freshed goods inventory Ending its Dolar amount 2. Prepare a cost of goods sold statement. Kildeer Company Statement of Cost of Goods Sold For the Year Ended December 31 Previous Cost of good s 3. Per an aortion costing income statement. In addition to dollar amounts, eater the amounts as a percent, rounded to two decimal places. For example, 3235 wesld be 32.35% and Check My Work Check My Working
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