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The Alderman Corporation has the following BCcount balances (in millions). EEB (Click the icon lo view the account balances.) Requirement Prepare an income statement and
The Alderman Corporation has the following BCcount balances (in millions). EEB (Click the icon lo view the account balances.) Requirement Prepare an income statement and a supporting schedule ot cost ot goods manutactured tor the year ended December 31, 2014 Begin by preparing the schedule of cost ofgoods manufactured (irn millioris). Slart wilh Ue dir ralerials and labor uosls, e indircl rariufacturing cosls, arnd finally complele the schedule by calculaling the cost of goods riaiufactured Alderman Corporation Schedule of Cost of Goods Manufactured Year Ended December 31, 2014 (in millions) Data Table Direct materials costs. For Specific Date For Year 2014 $ 20 Purchases ot direct matenals $ 315 20 80 Direct matenals inventory, Jan. 1, 2014 Work-in-process inventory, Jan. 1, 2014 Hinished goods inventory, lan 1, 2014 Direct matcrials inventory, Dec. 31, 2014 Work-i-process invenlory, Dec. 31, 2014 Finished goods invcntory, Dcc. 31, 2014 14 Direct manufacturing labor O Depreciation plant and equipment 27 Plant supervisory salaries Direct materials used 35 25 230 7 Miscellaneous plant overhead Direct manutacturing labor costs 52 Revenucs Markeling, distribution, and cuslomer-service cosls Plant supplies used Plant utilities Indirect manufacturing labor 38 Choose from any list or enter any number in the input fields and then click Check Answer. 68
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