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Now prepare the income statement for Rouse Corporation (in millions). (Use parentheses or a minus sign for operating losses.) Rouse Corporation Income Statement For the
Now prepare the income statement for Rouse Corporation (in millions). (Use parentheses or a minus sign for operating losses.) Rouse Corporation Income Statement For the Year Ended December 31, 2017 (in millions) Cost of goods sold: Cost of goods manufactured $ 628 Cost of goods sold Ending finished goods, Dec. 31, 2017 Revenues Cost of goods sold Gross margin Marketing, distribution, and customer-service costs $ Operating income/(loss) ule of cost of anods manufactured for the vear ended December 21 20:17 i Data Table $ $ 310 For Specific Date 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 Depreciationplant and equipment 23 Plant supervisory salaries 5 4 Miscellaneous plant overhead 54 Revenues Marketing, distribution, and customer-service costs Plant supplies used Plant utilities Indirect manufacturing labor Print Done
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