Problem 4

The Rocky Squirrel Bike Company had the following information for the month of September 2015.

Using the information provided, prepare the following for the month of September

a. Statement of Cost of Goods Manufactured b. Income Statement

b. Income Statement

Purchases 628,000

Materials Inventory, September 1 35,800

Materials Inventory, September 30 28,600

Direct Labor 345,600

Factory Overhead 382,400

Work in Process, September 1 93,800

Work in Process, September 30 106,400

Finished Goods, September 1 85,700

Finished Goods, September 30 74,600

Sales 1,684,000

General and administrative expenses 128,400

Selling expenses 66,700