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Using the following 2012 data, prepare: 1. A Cost of Goods Manufactured Schedule 2. A Cost of Goods Sold Schedule 3. An income statement 4.
Using the following 2012 data, prepare: 1. A Cost of Goods Manufactured Schedule 2. A Cost of Goods Sold Schedule 3. An income statement 4. A Partial Balance Sheet (Current Asset Section) The following data was taken from the records of Kaneohe Dark Chocolate, Inc.'s for the year ending December 31, 2012: Raw Materials Inventory 1/1/12 Raw Materials Inventory 12/31/12 Finished Goods Inventory 1/1/12 Finished Goods Inventory 12/31/12 Work-In-Process Inventory 1/1/12 Work-In-Process Inventory 12/31/12 Direct Labor Indirect Labor Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 340,000 322,500 509,874 949,354 125,000 634,212 375,642 150,000 786,234 65,000 45,678 125,000 155,000 4,653,120 347,616 85,000 9,845 56,000 450,000 135,467
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