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P19-4B The following data were taken from the records of Goodman Manufacturing Company for the year ended December 31. 2012 $7.400 Raw Materials Factory Insurance
P19-4B The following data were taken from the records of Goodman Manufacturing Company for the year ended December 31. 2012 $7.400 Raw Materials Factory Insurance Inventory 1/1/12 $47.000 Factory Machinery Raw Materials Depreciation Inventory 12/31/12 44.200 Factory Utilities Finished Goods Office Utilities Expense Inventory 1/1/12 85,000 Sales Finished Goods Sales Discounts Inventory 12/31/12 67,800 Plant Manager's Salary Work in Process Factory Property Taxes Inventory 1/1/12 9,500 Factory Repairs Work in Process Raw Materials Purchases Inventory 12/31/128,000 Cash Direct Labor 145.100 Indirect Labor 18,100 Accounts Receivable 27.000 7.700 12.900 8,600 465.000 2,500 40,000 6.100 800 62,500 28.000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at December 31
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