Question
Show the presentation of the ending inventories on the December 31, 2012, balance sheet FOLLOW FORMAT IN ATTACHED PHOTO- MUST FILL OUT ALL BLANKS TITLES
Show the presentation of the ending inventories on the December 31, 2012, balance sheet
FOLLOW FORMAT IN ATTACHED PHOTO- MUST FILL OUT ALL BLANKS
TITLES USED ARE IN SECOND ATTACHMENT MUST USE THESE SPECIFIC TERMS FOR TITLES
The following information is available for Aikman Company.
|
|
| January 1, 2012 |
| 2012 |
| December 31, 2012 |
| Raw materials inventory |
| $21,000 |
|
|
| $30,000 |
| Work in process inventory |
| 13,500 |
|
|
| 17,200 |
| Finished goods inventory |
| 27,000 |
|
|
| 21,000 |
| Materials purchased |
|
|
| $150,000 |
|
|
| Direct labor |
|
|
| 220,000 |
|
|
| Manufacturing overhead |
|
|
| 180,000 |
|
|
| Sales |
|
|
| 910,000 |
|
|
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
