Question
use info to prepare a COGM statement and a COGS statement for Paradise Marina as of June 30, 20XX. Not everything listed below will be
use info to prepare a COGM statement and a COGS statement for Paradise Marina as of June 30, 20XX.
Not everything listed below will be used Pick out the relevant information
Inventories
Raw Materials, July 1 31,000
Raw Materials, June 30 25,000
Work in Process, July 1 32,750
Work in Process, June 30 35,550
Finished Goods, July 1 57,950
Finished Goods, June 30 60,000
Administrative Salaries 96,000
Depreciation Expense - Office Equip 25,800
Depreciation Expense - Delivery Vehicle 39,000
Depreciation Expense - Factory Equip 56,500
Sales Discounts 30,000
Factory maintenance 10,500
Advertising Expense 25,350
Direct Labor 270,000
Factory Supplies used 16,000
Income Tax Expense 90,000
Indirect Labor 44,000
Indirect Material 29,000
Factory insurance 14,500
Factory utilities 15,000
Raw Material Purchases 395,000
Rent Expense - Factory 55,000
Rent Expense - Office 25,000
Rent Expense - Selling 26,000
Sales salary Expense 89,500
Sales 1,852,000
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