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What information do you need to solve this? my deadline is in 1 hour. Fanning Construction Company began operations on January 1, Year 1, when

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What information do you need to solve this? my deadline is in 1 hour.
Fanning Construction Company began operations on January 1, Year 1, when it acquired $16,000 cash from the issuance of common stock. During the year, Fanning purchased $2,800 of direct raw materials and used $2,700 of the direct materials. There were 110 hours of direct labor worked at an average rate of $6 per hour paid in cash. The predetermined overhead rate was $3.00 per direct labor hour. The company started construction on three prefabricated buildings. The job cost sheets reflected the following allocations of costs to each building. Direct Direct Labor Materials $ 700 1.000 1,000 Job 1 Job 2 Job 3 Hour 28 50 32 The company paid $60 cash for indirect labor costs. Actual overhead cost paid in cash other than indirect labor was $254. Fanning completed Jobs 1 and 2 and sold Job 1 for $1,622 cash. The company incurred $150 of selling and administrative expenses that were paid in cash Over- or underapplied overhead is closed to cost of Goods Sold. Required a. Record the preceding events in a horizontal statements model. The first event for Year 1 has been recorded as an example. c. Record the closing entry for over or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant d. Prepare a schedule of cost of goods manufactured and sold, an income statement, and a balance sheet for Year 1, Complete this question by entering your answers in the tabs below. Reg A and Reg D CGM Sched Reg D Inc Strnt Reg D Hal Sheet Record the preceding events in a horizontal statements model. Record the closing entry for over- or underapplied manufacturing overhead in the amount is insignificant. The first event for Year 1 has been recorded as an example. (Record each cost category for the jobs in total. When enteri raw materials, direct labor, and manufacturing overhead respectively into one entry for each job. Enter any decreases to account balances with a Assets Raw Materials Ravenue Manufacturing Overhead Expenses Equity Common Retained Stock Earnings 16,000+ Net Income Work in Process Finished Goods 16,000 its model. Record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the been recorded as an example. (Record each cost category for the jobs in total. When entering cost data, please combine all job costs of direct ead respectively into one entry for each job. Enter any decreases to account balances with a minus sign.) Show less Equity Common Retained Stock Earnings Revenue Finished Goods Expenses - Net Income 16,000 unt Row Manufacturing Overhand 16,000+ Worlt in Pro Finlahed Gondo Common Rwand Ramings 16,000+ O 0 0 = 0+ 18,000 0 ol 16,000+ Reg DCGM Sched > Prepare a schedule of cost of goods manufactured and sold for Year 1. FANNING CONSTRUCTION COMPANY Cost of Goods Manufactured and Sold for Year Raw materials available 0 Raw materials used 0 Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured 0 Goods available for sale 0 Cost of goods sold $ 0 Complete this question by entering your answers in the tabs belo Req A and C Req D CGM Sched Req D Inc Stmt Req D Bal Sheet Prepare an income statement for Year 1. FANNING CONSTRUCTION COMPANY Income Statement for Year 1 0 $ 0 Reg A and C Reg D CGM Sched Req D Inc Stmt Reg D Bal Sheet Prepare a balance sheet for Year 1. FANNING CONSTRUCTION COMPANY Balance Sheet for Year 1 Assets Total assets $. 0 Equity Total equity 0

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