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The data is for the year completed by Manson Company. Sales $524,000 Direct Labor Cost $70,000 Raw Material Purchases $118,000 Selling Expenses $140,000 Administrative Expenses
The data is for the year completed by Manson Company.
| Sales | $524,000 | |
| Direct Labor Cost | $70,000 | |
| Raw Material Purchases | $118,000 | |
| Selling Expenses | $140,000 | |
| Administrative Expenses | $63,000 | |
| Inventories | Beginning | Ending |
| Raw Materials | $7,000 | $15,000 |
| Work in Process | $10,000 | $5,000 |
| Finished Goods | $20,000 | $35,000 |
Prepare a Cost Statement and Income Statement for the year for Manson Company.
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Financial Accounting Fundamentals
Authors: John J. Wild
8th Edition
1260728609, 9781260728606
