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The following information is available for Shanika Company for 2 0 Y 6 : Inventories January 1 December 3 1 Materials $ 4 4 9
The following information is available for Shanika Company for Y: Inventories January December Materials $ $ Work in process Finished goods 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 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December Y $ Select Direct materials: $ Select Select $ Select Select $ Select Select Factory overhead: $ Select Select Select Select Select Select Select Total factory overhead fill in the blank ecfd Total manufacturing costs incurred fill in the blank ecfd Total manufacturing costs $fill in the blank ecfd Select Cost of goods manufactured $fill in the blank ecfd Question Content Area Prepare the income statement. Shanika Company Income Statement For the Year Ended December Y $ Select Cost of goods sold: $ Select Select $ Select Select Select $ Select Operating expenses: Administrative expenses: $ Select Select Select $ Select Selling expenses: $ Select Select Select Total operating expenses fill in the blank dfeaffdfd $ Select
The following information is available for Shanika Company for Y:
Inventories January December
Materials $ $
Work in process
Finished goods
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 statement of cost of goods manufactured.
Shanika Company
Statement of Cost of Goods Manufactured
For the Year Ended December Y
$ Select
Direct materials:
$ Select
Select
$ Select
Select
$ Select
Select
Factory overhead:
$ Select
Select
Select
Select
Select
Select
Select
Total factory overhead fill in the blank ecfd
Total manufacturing costs incurred fill in the blank ecfd
Total manufacturing costs $fill in the blank ecfd
Select
Cost of goods manufactured $fill in the blank ecfd
Question Content Area
Prepare the income statement.
Shanika Company
Income Statement
For the Year Ended December Y
$ Select
Cost of goods sold:
$ Select
Select
$ Select
Select
Select
$ Select
Operating expenses:
Administrative expenses:
$ Select
Select
Select
$ Select
Selling expenses:
$ Select
Select
Select
Total operating expenses fill in the blank dfeaffdfd
$ Select
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
