E67x for B 100 1 Enter titles and accounts in the e 2Enter Numbers in the blue cells Enter your Calculations in the yellow cells 6 Unit 1 7 Read Chapter 17 Intro To Managerial Acete httpswww.principlesofaccounting.cordmanagerial-cost-accounting 0 Use the following cost information to complete the schedules below for Jackson Company: 1 Advertising Expense 21,275 L Rent expense office 24,725 12 Depreciation office 8.575 Rent expense selling) 27,350 13 Depreciation selling 10,775 Rent expense factory 9 4,975 14 Depreciation factory 37,350 maintenance factory 27,375 15 Factory Supervision 137,250 Sales 5,928,721 16 Factory supplies - use 7,050 Sales salaries 237,950 17 Factory utilities . 35,700 Raw mat beginning 41,375 18 Direct labor . 562,475. . Raw Mat ending 7 2,430 19 Indirect labor 57,000 WIP Beginning 13,550 20 Misc production costs 9,660 WIP Ending 13,350 21 Office salaries 67,350 Fin Goods Beginning 175,250 22 Raw Mat purchases 837,925 Fin Good Ending 152,750 25 Calculate the total overhead costs: Total Problem 1 Problem 2 Problem 3 Clipboard Font E67 ~ __ D E67 - A B C 40 Complete the cost of Goods Manufatured Schedule 41 Direct materials 42 1 Beginning Raw materials inv 43 2 Raw materials purchases 44 3 Total raw materials available 45 4 Less: End Raw materials iny 46 5 Direct materials used 47 6 Direct labor 49 49 8 Total manufacturing overhead 50 9 Total manufacturing costs 51 10 Beginning Work in process, 1/1 52 11 Total cost of work in process 53 12 Less: Work in process, 12/31 54 13 Cost of goods manufactured 58 14 Beginning Finished Goods Inventory 57 15 Cost of Goods Manufactured 58 16 Total Goods Available for Sale 59 17 Less ending Finished goods 60 18 Cost of Goods Sold 62 Compete the partial income statement INCOME STATEMENT Sales Cost Goods Sold Gross Profit Selling and Admin Expenses Operating Income (EBIT) 22. Compete the partial balance sheet Balance Sheet CURRENT ASSETS 54 13 Cost of goods manufactured 56 14 Beginning Finished Goods Inventory 57 15 Cost of Goods Manufactured 58 16 Total Goods Available for Sale 59 17 Less ending Finished goods 60 18 Cost of Goods Sold 62 Compete the partial income statement INCOME STATEMENT Sales Cost Goods Sold Gross Profit Selling and Admin Expenses Operating Income (EBIT) 72 Compete the partial balance sheet Balance Sheet CURRENT ASSETS INVENTORY RAW MATERIALS INVENTORY WORK IN PROCESS INVENTORY FINISHED GOODS INVENTORY TOTAL INVENTORY Problem 1 Problem 2 Problem 3 o Type here to search o Complete the Cost of Goods Manufactured Schedule (fill in the blanks using the other numbers in the schedule) 165,000 0 Direct materials 1 Beginning Raw materials inv 2 Raw materials purchases 3 Total raw materials available 4 Less: End Raw materials inv 5 Direct materials used 16 6 Direct labor 17 7 Total manufacturing overhead 13,500 189,500 0 137,500 211,500 18 8 Total manufacturing costs 13 9 Beginning Work in process, 1/1 20 10 Total cost of work in process 21 11 Less: Work in process, 12/31 22 12 Cost of goods manufactured 81,500 509,000 problem 1 Problem 2 Problem 3 O Type here to search ollte
