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Question 1 : Moped Inc. has the following cost and expense data for the year ending March 3 1 , 2 0 2 4 .
Question : Moped Inc. has the following cost and expense data for the year ending March
tableSales revenue,$Work in process inventory, March Raw materials purchases,Work in process inventory, March Direct labor cost,Finished goods inventory, March Advertising expense,Finished goods inventory, March Selling & Administrative salaries,Depreciation on factory equipment,Rent on factory facilities,Indirect labor cost,Depreciation on sales equipment,Utilities expense,Raw materials inventory, March Insurance expense,Raw Materials inventory, March Sales commissions,
Only of the utilities expense and of the insurance expense apply to factory operations. The remaining amount should be charged to selling and administrative activities.
a Prepare a schedule of cost of goods manufactured for March Marks
b Prepare an income statement for March Marks
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