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Problem 14-3B Schedule of cost of goods manufactured and income statement P1 P2 Using the information from Problem 14-2B and the following additional information
Problem 14-3B Schedule of cost of goods manufactured and income statement P1 P2 Using the information from Problem 14-2B and the following additional information for Best Bikes, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending $ 40,375 70,430 Work in process inventory, beginning 12,500 Sales 4,942,625 Work in process inventory, 14,100 ending Finished goods inventory, 177,200 beginning Finished goods inventory, 141,750 ending Table Summary: A table Required 1. Prepare the schedule of cost of goods manufactured for the year. 2. Prepare the current year income statement. Check (1) Cost of goods manufactured. $1,816,995
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