Teac + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprc eBook Show Me How Office 365 Print Item Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the a. Purchased $263,000 of materials. b. Used $189,360 of direct materials in production. C. Incurred $473,400 of direct labor wages. d. Incurred $189,400 of factory overhead. e. Transferred $799,500 of work in process to finished goods. f. Sold goods for $1,262,400. 9. Sold goods with a cost of $710,100. h. Incurred $226,200 of selling expense. I. Incurred $131,500 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, below. Open spreadsheet Using the information kiven, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. Round your Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Revenues 1,204,800 x Check My Work 5 more Check My Work uses remaining. 20 hulu ? ? ? 8 Statement of cost of goods manufactured and income statement for a manufacturi Instructions Labels and Amount Descriptions Statement of Cost of Goods Instructions The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 December 31 $78,750 $94.450 108,600 96,800 113,750 109,100 December 31 $ 69,000 22,750 14,860 184,350 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power factory Indirect labor Materials purchased Office salaries expense Property taxes-factory 5,950 24,600 122,200 77,750 4,170 Check My Work 4 more Check My Work uses remaining. 20 hulu O ? ? ? 6 Teac + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprc eBook Show Me How Office 365 Print Item Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the a. Purchased $263,000 of materials. b. Used $189,360 of direct materials in production. C. Incurred $473,400 of direct labor wages. d. Incurred $189,400 of factory overhead. e. Transferred $799,500 of work in process to finished goods. f. Sold goods for $1,262,400. 9. Sold goods with a cost of $710,100. h. Incurred $226,200 of selling expense. I. Incurred $131,500 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, below. Open spreadsheet Using the information kiven, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. Round your Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Revenues 1,204,800 x Check My Work 5 more Check My Work uses remaining. 20 hulu ? ? ? 8 Statement of cost of goods manufactured and income statement for a manufacturi Instructions Labels and Amount Descriptions Statement of Cost of Goods Instructions The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 December 31 $78,750 $94.450 108,600 96,800 113,750 109,100 December 31 $ 69,000 22,750 14,860 184,350 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power factory Indirect labor Materials purchased Office salaries expense Property taxes-factory 5,950 24,600 122,200 77,750 4,170 Check My Work 4 more Check My Work uses remaining. 20 hulu O ? ? ? 6
