Question
The following information is available for All-True Window Company January 1, 2017 2017 December 31, 2017 Raw materials inventory 21,000 30,000 Work in process inventory
The following information is available for All-True Window Company
January 1, 2017 2017 December 31, 2017
Raw materials inventory 21,000 30,000
Work in process inventory 13,500 17,200
Finished goods inventory 27,000 21,000
Materials purchased 650,000
Direct labor 300,000
Manufacturing overhead 450,000
Sales revenue 1,625,000
a. Determine the cost of materials used during the year?
b. Prepare Cost of Goods Manufactured statement for the year ended December 31, 2017.
c. Prepare income statement through gross profit for the year ended December 31, 2017.
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