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The following information is available for S-LX Corporation for 2020: Inventories January 1 December 31 Raw Materials $231,500 $261,500 Work in $331,250 $357,750 Process
The following information is available for S-LX Corporation for 2020: Inventories January 1 December 31 Raw Materials $231,500 $261,500 Work in $331,250 $357,750 Process Finished $235,250 $265,750 Goods Advertising Expense $62,500 Depreciation Expense - Factory $28,250 Depreciation Expense - Office $24,500 Direct Labor $407,250 Indirect Labor $47,000 Materials Purchased $497,000 Miscellaneous Expenses - Factory $7,250 Office Salary Expense $125,250 Property Taxes - Factory $17,500 Property Taxes - Office $20,000 Rent Expense - Factory $16,000 Sales $1,767,250 Sales Salaries Expense $106,750 Supplies Expense - Factory $6,500 Utilities Expense - Factory $23,250 Input Code: 0 Question: When preparing an Income Statement, the amount of Net Income would be When preparing a Schedule of Cost of Goods Sold, the end calculation result would be When preparing a Schedule of Cost of Goods Manufactured, the end calculation result would be Answer: $ 443750 782750 $ 993500 When preparing an Income Statement, the amount of Total General/Administrative costs would be $ 169250
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