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The following account balances and other information are from Biden's Corporation's accounting records for year-end December 31. 2021. Use this information to prepare: a) the
The following account balances and other information are from Biden's Corporation's accounting records for year-end December 31. 2021. Use this information to prepare: a) the manufacturing statement b) an income statement. Advertising Expense Depreciation Expense - Office Equipment Pepreciation Expense-selling Equipment Depreciation expense - factory Equipinent Direct Labor Miscellaneousproduction Costs Officesalanes Experse Raw Materials inventory, Dec 31,2020 Raw Materials nventory, Dec 31.2021 Raw Materials Purchases Rem Expense. Office Space Rent Expense - Factory Bulding Mainteraance Expense - Factory Equipment Saes Sates Discounts Sales Salaries Expense Factory Supervision Factory supplies used Factory Uulities Finished Goods inventory, Dec 31, 2020 Finished Goods inventory. Dec 31, 2021 Goods in Process inventory, Dec 31,2020 Goods in Processinventory. Bec.39.2021 income Taxes Payable indirect Labor 4,626,500 54,000 260,500 150,850 5,270 17,850 229,350 208,490 $37,100 51,180 676,155 35,150
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