The following information is available for Elliot Company Prepare an income statement through gross profit January 1, 2013 2013 December 31, 2013 Raw materials inventory $26,000 $30,000 Work in process inventory 13,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased $170,000 Direc...

Calculate the cost of goods manufactured as shown below Cost of goods manufactured Beginning i ...

The following information is available for Elliot Company. Prepare an income statement through gross profit. January 1,

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The following information is available for Elliot Company.

January 1, 2013 2013 December 31, 2013 Raw materials inventory $26,000 $30,000 Work in process inventory 13,500 22,200 F

Prepare an income statement through gross profit.

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Mar 05, 2018 10:55 AM

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The following information is available for Elliot Company. Prepare an income statement through gross profit. January 1,

Question:

January 1, 2013 2013 December 31, 2013 Raw materials inventory $26,000 $30,000 Work in process inventory 13,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased $170,000 Direct labor 220,000 Manufacturing overhead 180,000 Sales 800,000

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Intermediate Accounting Reporting and Analysis

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