Text: Accounting 24th Edition

ISBN: 978-0538478502

Problem 18-4B

Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk () will appear to the right of an incorrect entry. Rita Margo Com Com Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross proft Operating expenses Net income 47,000 139,500 65,100 202,000 227,000 277,000 106,000 (a) (b) 412,300 182,900 1,085,000 1,233,800 148,800 695,000 85,000 123,000 (c) 1,094,300 192,200 160,000 41,000 (d) 1,388,800 1.103,600 805.000 84,000 117,800