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PROBLEM TWO: 25 POINTS Information for York Plastics as of December 31 follows. Prepare (a) the company's Schedule of Cost of Goods Manufactured for the
PROBLEM TWO: 25 POINTS Information for York Plastics as of December 31 follows. Prepare (a) the company's Schedule of Cost of Goods Manufactured for the year ended December 31 and (b) prepare the company's Cost of Goods Sold section of the Income Statement. $135,000 Administrative salaries expense 62,400 Depreciation expense - Factory equipment. Depreciation expense - Office 24,800 Advertising 22,350 Factory supplies 12,000 Income taxes 91,500 35,000 Indirect 24,000 14,000 Factory Inventories Raw materials inventory, January 32,000 Raw materials inventory, December 28,000 31 33,780 Goods in process inventory, January 37,460 Goods in process inventory, December 31 56,970 Finished goods inventory, January 62,000 Finished goods inventory, December 31 Raw materials 325,000 97,500 Sales salaries
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