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What are the amounts of the missing items, identifying them by letter?? Enter all amounts as positive numbers Make a Yakima Company's statement of cost

What are the amounts of the missing items, identifying them by letter??

Enter all amounts as positive numbers

Make a Yakima Company's statement of cost of goods manufactured for May??

Be sure to complete the statement heading.

For those boxes in which you must enter subtracted or negative numbers use a minus sign

How do you make a Yakima Company's income statement for May???

Be sure to complete the statement heading.

Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount.

For example: Net loss should be negative. Expenses should be positive.

?

image text in transcribed
9:041 D v2.cengagenow.com Chapter 15 Manufacturing income statement, statement of cost of goods manufactured Instructions VO Instructions veral items are omitted from the income statement and of goods manufactured statement data for two different companies for th inth of May: Rainier Yakima Company Company 2 Materials inventory, May 1 $281,680.00 $179,000.00 3 Materials inventory, May 31 (a) 175,500.00 Materials purchased 714,000.00 341,500.00 Cost of direct materials used in production 752,400.00 (a) Direct labor 1,058,800.00 (b) Factory overhead 325,400.00 178,600.00 Total manufacturing costs incurred in May (b 1,038,000.00 Total manufacturing costs 2,677,200.00 1,481,500.00 10 Work in process inventory, May 1 540,600.00 443,500.00 11 Work in process inventory, May 31 453,200.00 (c) 12 Cost of goods manufactured (c) 1,025,500.00 13 Finished goods inventory, May 1 477,800.00 201,500.00 14 Finished goods inventory, May 31 496,400.00 (d) Sales 4,140,000.00 1,678,000.00 Cost of goods sold d 1,042,000.00 17 Gross profit (e) (e) 18 Operating expenses 543,000.00 (f) 19 Net income (f) 380,500.00 Required: a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. b. Prepare Yakima Company's statement of cost of goods manufactured for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign c. Prepare Yakima Company's income statement for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. 3

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