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Solve the attached problem using the information included in the attachment please [The following information applies to the questions displayed below.] The following data refer
Solve the attached problem using the information included in the attachment please
[The following information applies to the questions displayed below.] The following data refer to Laredo Luggage Company for the year 20x2: Sales revenue Work-in-process inventory, December 31 Work-in-process inventory, January 1 Selling and administrative expenses Income tax expense Purchases of raw material Raw-material inventory, December 31 Raw-material inventory, January 1 Direct labor Utilities: plant Depreciation: plant and equipment Finished-goods inventory, December 31 Finished-goods inventory, January 1 Indirect material used Indirect labor Other manufacturing overhead $ 1,000,000 30,000 36,000 150,000 90,000 180,000 25,000 40,000 180,000 40,000 40,000 50,000 15,000 8,000 9,000 60,000 41.Prepare Laredo Luggage's schedule of cost of goods manufactured for the year. 42.Prepare Laredo Luggage's schedule of cost of goods sold for the year. 43.Prepare Laredo Luggage's income statement for the yearStep by Step Solution
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