Question
Your first internship assignment is to prepare two schedules for Concord Blue Co., a manufacturing company. You have a file that contains a copy
Your first internship assignment is to prepare two schedules for Concord Blue Co., a manufacturing company. You have a file that contains a copy of last year's work for both schedules; you plan to follow the same format as last year, hoping the staff accountant had it right. You also have access to the full set of financials for Concord Blue, and you can dig further into any of the accounts via the accounting system, too. Here's the information you have pulled, with the same items as last year. Beginning of Year End of year DM Inventory $9.100 $10,000 WIP Inventory FG Inventory DM purchases DL costs 21,000 12,000 5,900 8,400 128,000 231,000 Production supervisor salary 60,000 Utility costs in production space 14,000 Depreciation on manufacturing facility and equipment 42,000 Indirect materials 7,200 Indirect labor 15.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started