the following data (in thousands of dollars) have been taken from the accounting records of Charlotte corporation for the year ended December 31,2017 <\/p>
sales $960<\/p>
purchase of raw material 170<\/p>
direct labor 220 <\/p>
factory supervisor salary 70<\/p>
depreciation - factory equipment 50<\/p>
factory insurance 13<\/p>
administrative expenses 120<\/p>
direct labor 30<\/p>
factory utilities 20<\/p>
selling expenses 170<\/p>
factory maintenance 15<\/p>
Misc. factory costs 12<\/p>
Raw material inventory - Jan, 1 , 2017 10 <\/p>
Raw material inventory - December , 31 , 2017 50<\/p>
work in on process inventory - Jan 1, 2017 80<\/p>
work in on process inventory - Dec 31,2017 60 <\/p>
finished goods inventory - Jan 1, 2017 110 <\/p>
finished goods inventory - Dec 31, 2017 100<\/p>
<\/p>
1- show a schedule of costs of good manufactured for 2017<\/p>
2- show an income statement , including the calculation of the cost of goods sold for 2017<\/p>", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "3656088667", "uri": "\/textbooks\/integrated-reporting-towards-a-framework-for-a-sustainable-international-corporate-reporting-1st-edition-978-3656088660-305652", "name": "Integrated Reporting Towards A Framework For A Sustainable International Corporate Reporting", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:20:00", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/goodwater-corporation-massproduces-pencils-through-several-processing-departments-the-company", "description": "Goodwater Corporation mass-produces pencils through several processing departments. The company currently uses a process costing system and traces manufacturing costs from one process department to...", "stars": 3 }, { "url": "\/study-help\/psychology\/2-keep-track-of-who-gets-to-do-what-job-1984287", "description": "2. Keep track of who gets to do what job. Are some students always on the list, whereas others seldom make it?", "stars": 3 }, { "url": "\/in-addition-to-the-reasons-listed-in-the-chapter-what", "description": "In addition to the reasons listed in the chapter, what other issues or events might cause an organization that does not have a formal IS vision recognize the need for developing one?", "stars": 3 }, { "url": "\/study-help\/questions\/carla-furniture-company-started-construction-of-a-combination-office-and-9889330", "description": "Carla Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,024,000 on January 1, 2017. Carla expected to complete the...", "stars": 3 }, { "url": "\/study-help\/questions\/22-brighton-inc-uses-the-indirect-method-to-determine-its-7754573", "description": "22. Brighton, Inc, uses the indirect method to determine its net cash flows from operating activities. During the course of the year, the company's accounts receivable increased by $10,000 and its...", "stars": 3 }, { "url": "\/study-help\/questions\/in-the-shortanswer-questions-section-found-in-chapter-16-answer-4538022", "description": "In the \"Short-Answer Questions\" section found in Chapter 16, answer question 1. In your explanation, describe in detail why litigation may not be as cost efficient as other methods of dispute...", "stars": 3 }, { "url": "\/study-help\/questions\/briefly-describe-3-key-lessons-learned-from-reading-simon-sineks-1001988", "description": "Briefly describe 3 key lessons learned from reading Simon Sinek's book \"Start with Why\"?", "stars": 3 }, { "url": "\/study-help\/questions\/3-briefly-explain-the-following-step-toward-ethical-behaviour-carrying-1002068", "description": "3. Briefly explain the following step toward ethical behaviour: Carrying out one's decision a. Weakness of will b. Strength of will C. Locus of control d. Willingness to obey authority", "stars": 3 }, { "url": "\/study-help\/questions\/queens-black-is-a-popular-input-with-an-annual-demand-1002301", "description": "Queens black is a popular input with an annual demand of 5 0 0 0 0 gallons, ordering cost of$ 5 0 per order, and holding cost of $ 5 per unit per year; the econmoic orer quantity is 1 , 0 0 0 . Hence...", "stars": 3 }, { "url": "\/study-help\/questions\/project-management-has-been-around-ever-since-the-time-of-1002404", "description": "Project management has been around ever since the time of the pyramids.However, today many organizations and industries are still struggling to understand and apply good project management to their...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/rcecomre-x-course-modules-managerial-acc-x-eztomheducationcomextmapindexhtmlconconexternalbrowser0launchurlhttps253a252f252fimsmheducationcom252fmghmiddleware-saved-ework-4281903", "next": "\/study-help\/questions\/in-your-perspective-what-could-be-the-potential-benefits-of-4281905" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "the following data (in thousands of dollars) have been taken from the", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-following-data-in-thousands-of-dollars-have-been-taken-4281904" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }