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Problems: Set A 8 A The following data were taken from the records of Dosey Manufacturing Company Prepare a cost of goods m P19.4A for
Problems: Set A 8 A The following data were taken from the records of Dosey Manufacturing Company Prepare a cost of goods m P19.4A for the year ended December 31, 2010. factured schedule, a partias come statement, and a par Raw Materials Factory Insurance 47,000 Factory Machinery $ 7,400 balance sheet Inventory 1/1/10 Raw Materials (SO 5, 6, 7) Depreciation 7,700 12,900 8,600 465,000 2,500 40,000 6,100 800 62,500 28,000 Inventory 12/31/10 Finished Goods 44,200 Factory Utilities 85,000 67,800 Office Utilities Expense Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Inventory 1/1/10 Finished Goods Inventory 12/31/10 Work in Process Inventory 1/1/10 Work in Process 9,500 Factory Repairs 8,000 Cash 18,100 Raw Materials Purchases Inventory 12/31/10 Direct Labor Indirect Labor Accounts Receivable 145,100 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct (a) CGM (b) Gross profit S (c) Current assets $ materials.) (b) Prepare an income statement through gross profit (c) Prepare the current assets section of the balance sheet at December 31. er resigned in August 2010. An Prepare a cost of go ufacturer of toys Its controll
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