Question
Problem 6-6 Sales $ 7.500.000 Inventories-January 1 Raw materials 200.000 Goods in process 240.000 Finished goods 360.000 Inventories-December 31 Raw materials 280.000 Goods in process
Problem 6-6
Sales $ 7.500.000
Inventories-January 1 Raw materials 200.000
Goods in process 240.000
Finished goods 360.000
Inventories-December 31 Raw materials 280.000
Goods in process 170.000
Finished goods 300.000
Accounting and legal fees 150.000
Advertising 160.000
Delivery expenses 200.000
Depreciation-machinery 60.000
Depreciation-office equipment 40.000
Depreciation-store equipment 70.000
Direct labor 950.000
Earthquake loss 300.000
Factory supplies used 110.000
Gain from expropriation of asset 100.000
Gain on sale of equipment 100.000
Income tax expense 320.000
Indirect labor 250.000
Interest income 10.000
Light, heat, and power 320.000
Office expenses 250.000
Office salaries 150.000
Purchases 3.000.000
Rent-factory building 120.000
Repair and maintenance-machinery 50.000
Sales returns and allowances 50.000
Sales salaries 400.000
Superintendence 210.000
Required: Prepare a multiple-step-income statement with supporting statement of cost of goods manufactured.
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Finding Your Granite My Four Cornerstones Of Personal Leadership Security Audit And Leadership Series
Authors: Douglas P. Pflug
1st Edition
1032034114, 978-1032034119
