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Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows: Sales Selling and

Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows:

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Sales Selling and administrative expenses Purchases of raw materials Direct labor Manufacturing overhead $313.000 127,500 43,000 30,000 53.500 Inventories August 1 August 31 Raw materials $ 6.000 55.000 Work-in-process 12,000 11.000 Finished goods 15.000 17.000 Required Prepare a statement of cost of goods manufactured and an income statement Do not use negative signs with any of your answers below. Bridgeview Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ending August 31, 2017 Current manufacturing costs: Cost of materials placed in production: Raw materials, 8/1/17 Purchases Total available Raw materials, 8/31/17 Direct labor Manufacturing overhead Work-in-process, 8/1/17 Total costs in process Work-in-process. 8/31/17 Cost of goods manufactured Bridgeview Manufacturing Company Income Statement For the Month Ending August 31, 2017 Sales Cost of goods sold Finished goods inventory, 8/1/17 $ Cost of goods manufactured Total goods available for sale Finished goods inventory, 8/31/17 Gross profit Selling and administrative expenses Net income Account Activity and Relationships Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 18.6, p. 18-17 and the WIP table, p. 18-25.) Case A Case B Case C Case D Sales $425,000 (b) 550,000 (b) Direct materials 75,000 105,000 (6) 105,000 Direct labor 25,000 (c) 100,000 (C) Total direct costs 160,000 (e) 150,000 Conversion cost 130,000 g) Manufacturing overhead 40,000 (d) 50,000 (1) Current manufacturing costs (e) 475,000 395,000 Work in process, beginning 35,000 50,000 (d) 105,000 Work in process, ending 25,000 (f) 105,000 (e) Cost of goods manufactured (d) 160,000 (C) 410,000 Finished goods inventory, beginning 45,000 40,000 35,000 60,000 Finished goods inventory, ending 30,000 (g) 40,000 (d) Cost of goods sold 175,000 (b) 400,000 Gross profit 90,000 75,000 Selling and administrative expenses 100,000 75,000 (a) Net income 110,000 60,000 30,000 (a) Sales Selling and administrative expenses Purchases of raw materials Direct labor Manufacturing overhead $313.000 127,500 43,000 30,000 53.500 Inventories August 1 August 31 Raw materials $ 6.000 55.000 Work-in-process 12,000 11.000 Finished goods 15.000 17.000 Required Prepare a statement of cost of goods manufactured and an income statement Do not use negative signs with any of your answers below. Bridgeview Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ending August 31, 2017 Current manufacturing costs: Cost of materials placed in production: Raw materials, 8/1/17 Purchases Total available Raw materials, 8/31/17 Direct labor Manufacturing overhead Work-in-process, 8/1/17 Total costs in process Work-in-process. 8/31/17 Cost of goods manufactured Bridgeview Manufacturing Company Income Statement For the Month Ending August 31, 2017 Sales Cost of goods sold Finished goods inventory, 8/1/17 $ Cost of goods manufactured Total goods available for sale Finished goods inventory, 8/31/17 Gross profit Selling and administrative expenses Net income Account Activity and Relationships Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 18.6, p. 18-17 and the WIP table, p. 18-25.) Case A Case B Case C Case D Sales $425,000 (b) 550,000 (b) Direct materials 75,000 105,000 (6) 105,000 Direct labor 25,000 (c) 100,000 (C) Total direct costs 160,000 (e) 150,000 Conversion cost 130,000 g) Manufacturing overhead 40,000 (d) 50,000 (1) Current manufacturing costs (e) 475,000 395,000 Work in process, beginning 35,000 50,000 (d) 105,000 Work in process, ending 25,000 (f) 105,000 (e) Cost of goods manufactured (d) 160,000 (C) 410,000 Finished goods inventory, beginning 45,000 40,000 35,000 60,000 Finished goods inventory, ending 30,000 (g) 40,000 (d) Cost of goods sold 175,000 (b) 400,000 Gross profit 90,000 75,000 Selling and administrative expenses 100,000 75,000 (a) Net income 110,000 60,000 30,000 (a)

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