Question
The Sissi Deli has provided the following relating to the most recent month (March 31, 2022) of operations, for their main product, cookies. Baker's salary
The Sissi Deli has provided the following relating to the most recent month (March 31, 2022) of operations, for their main product, cookies. Baker's salary 3,000 Finished goods inventory, beginning 1,000 Finished goods inventory, ending 3,000 General & administrative expenses 3,500 Indirect materials 500 Production Supervisor, Salary 4,000 Purchases of raw materials 11,000 Raw materials inventory, ending 2,000 Raw materials inventory, beginning 1,000 Rent on production factory 2,000 Rent, retail store 1,000 Sales 40,000 Utilities on production factory 500 Utilities, retail store 500 Wages, retail staff 3,000 WIP inventory, beginning 2,500 WIP inventory, ending 4,500 Required: a. Prepare a schedule of cost of goods manufactured in good format. b. Prepare the cost of goods sold section of the income statement. c. Prepare an income statement in good format.
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