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The Rouse Corporation has the following account balances (in millions): (Click the icon to view the account balances.) Requirement Prepare an income statement and a
The Rouse Corporation has the following account balances (in millions): (Click the icon to view the account balances.) Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the vear ended December 31, 2017 i Data Table Jle by calculating the cost of goods manufactured. Begin by preparing the schedule of cost of goods manu Rouse Corporation Schedule of Cost of Goods Mal For the Year Ended December 31, 2 For Specific Date $ Direct materials costs: Direct materials inventory, Jan. 1, 2017 Work-in-process inventory, Jan. 1, 2017 Finished goods inventory, Jan. 1, 2017 Direct materials inventory, Dec. 31, 2017 Work-in-process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 For Year 2017 12 Purchases of direct materials 11 Direct manufacturing labor 73 Depreciation-plant and equipment 23 Plant supervisory salaries 4 Miscellaneous plant overhead 54 Revenues Marketing, distribution, and customer-service costs Direct materials used Direct manufacturing labor costs Plant supplies used Plant utilities Indirect manufacturing labor Print Done Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017. Begin by preparing the schedule of cost of goods manufactured (in millions). Start with the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods manufactured. Rouse Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in millions) Direct materials costs: Direct materials used Direct manufacturing labor costs
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