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Sales 14,000,500 Purchases(net) 2,600,000 Direct labor 3,404,000 Sales salaries 600,000 Delivery Expense 95,000 Sales return 55,200 Transportation inward 52,000 FOH (Total) 2,885,600 During the year
Sales | 14,000,500 | |
Purchases(net) | 2,600,000 | |
Direct labor | 3,404,000 | |
Sales salaries | 600,000 | |
Delivery Expense | 95,000 | |
Sales return | 55,200 | |
Transportation inward | 52,000 | |
FOH (Total) | 2,885,600 |
During the year 75,000 units were completed
Inventories | December,2015 | January,2015 |
Finished Goods | 967,400 | 820,000 |
Work in process | 336,800 | 329,800 |
Materials | 496,000 | 476,000 |
Required:
A. Cost of Goods Manufactured Statement
B. Cost of Goods Sold
C. Income Statement for Cost Accounting
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