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The following information is available for Shanika Company for 2 0 Y 6 : Inventories January 1 December 3 1 Materials $ 3 1 8
The following information is available for Shanika Company for Y:
Inventories January December
Materials $ $
Work in process
Finished goods
Line Item Description Amount
Advertising expense $
Depreciation expenseoffice equipment
Depreciation expensefactory equipment
Direct labor
Heat, light, and powerfactory
Indirect labor
Materials purchased
Office salaries expense
Property taxesfactory
Property taxesheadquarters building
Rent expensefactory
Sales
Sales salaries expense
Suppliesfactory
Miscellaneous costsfactory
Required:
Question Content Area
Prepare the Y statement of cost of goods manufactured.
Shanika Company
Statement of Cost of Goods Manufactured
For the Year Ended December Y
Costs Type Amount Amount Amount
$ Select
Direct materials:
$ Select
Select
$ Select
Select
$ Select
Select
Factory overhead:
$ Select
Select
Select
Select
Select
Select
Select
Total factory overhead Total factory overhead
Total manufacturing costs incurred in Y Total manufacturing costs incurred in Y
Total manufacturing costs $Total manufacturing costs
Select
$ Select
Question Content Area
Prepare the Y income statement.
Shanika Company
Income Statement
For the Year Ended December Y
Line Item Description Amount Amount Amount
$ Select
Cost of good sold:
$ Select
Select
$ Select
Select
Select
$ Select
Operating expenses:
Administrative expenses:
$ Select
Select
Select
blank
Total administrative expenses blank $Total administrative expenses
blank
Selling expenses:
$ Select
Select
blank
Total selling expenses blank Total selling expenses
blank
Total operating expenses Total operating expenses
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The Birth Of American Accountancy
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534681, 9780367534684
