Problem * 1: External Reporting for a Manufacturing Company (46 points) Devo Dessert Topping Co. manufactures and selis a full-range of high-end dessert toppings and relotes. foodsturfs. The Campany is the leader in its industry because it really knows how to whip it, whip it gooel: I said "Whip it." Presented below is information extracted from the accounting records of Devo Dessert Topping Co. for the year ended December 31, 2023: Devo Dessert Topping Co. had 50,000 shares of its common stock outstanding throughout 2023, The Company does not have preferred stock. Required: Compute the following amounts that Devo Dessert Topping Co. reported in its 2023 GAAP financial statements. ACFI 430/530 Cost Accounting d) Devo Dessent Topping Co. reparted cost of goods manufactured for: 2023 in the amourit of (e peinta) Supporting Caiculation Required: e) Dero Dessert Topping Co, reported cost of goods sold for 2023 in the amount of (4 painta) Supporting Calcutation Requiredt 1) Devo Dessert Topping Co, reported net sales for 2023 in the amount of: (2 pelate) Supporting Calculation Requiredit ACR A39/530 Cont Accounting Problem Set 1 Spring 2023 page 5 of 24 9) Devo Desseit Topping Co, reported aross profit for 2023 in the amount of ( 2 polnti) Supporting Calculation Required: h) Deve Dessert Topping Co, reported total seling expenses for 2023 in the ampunt of: (4 pelnte) Supportlng Calculation Required: 1) Devo Dessert Topping Co. reported total goneral and administrative expenses for 2023 in the amount of (5 polnts) Supporting Calculation Required: Problem * 1: External Reporting for a Manufacturing Company (46 points) Devo Dessert Topping Co. manufactures and selis a full-range of high-end dessert toppings and relotes. foodsturfs. The Campany is the leader in its industry because it really knows how to whip it, whip it gooel: I said "Whip it." Presented below is information extracted from the accounting records of Devo Dessert Topping Co. for the year ended December 31, 2023: Devo Dessert Topping Co. had 50,000 shares of its common stock outstanding throughout 2023, The Company does not have preferred stock. Required: Compute the following amounts that Devo Dessert Topping Co. reported in its 2023 GAAP financial statements. ACFI 430/530 Cost Accounting d) Devo Dessent Topping Co. reparted cost of goods manufactured for: 2023 in the amourit of (e peinta) Supporting Caiculation Required: e) Dero Dessert Topping Co, reported cost of goods sold for 2023 in the amount of (4 painta) Supporting Calcutation Requiredt 1) Devo Dessert Topping Co, reported net sales for 2023 in the amount of: (2 pelate) Supporting Calculation Requiredit ACR A39/530 Cont Accounting Problem Set 1 Spring 2023 page 5 of 24 9) Devo Desseit Topping Co, reported aross profit for 2023 in the amount of ( 2 polnti) Supporting Calculation Required: h) Deve Dessert Topping Co, reported total seling expenses for 2023 in the ampunt of: (4 pelnte) Supportlng Calculation Required: 1) Devo Dessert Topping Co. reported total goneral and administrative expenses for 2023 in the amount of (5 polnts) Supporting Calculation Required
