Statement of Cost of Goods Manufactured Assignment

Statement of Cost of Goods Manufactured Assignment

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $347,000 $435,000 Work in process 627,000 590,600 Finished goods 608,200 571,000 December 31 Advertising expense $ 295,200 Depreciation expense-office equipment 44,400 Depreciation expense-factory equipment 55,000 Direct labor 669,600 Heat, light, and power-factory 22,480 Indirect labor 76,750 Materials purchased 658,600 Office salaries expense 185,300 Property taxes-factory 18,200 Property taxes-office building 32,400 Rent expense-factory 32,500 Sales 3,016,000 Sales salaries expense 419,000 Supplies-factory 15,900 Miscellaneous costs-factory 9,600 Required:

a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign.*
b. Prepare the 20Y8 income statement. *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Get Accounting homework help today
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Statement of Cost of Goods Manufactured Assignment

 

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Statement of Cost of Goods Manufactured Assignment

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $347,000 $435,000 Work in process 627,000 590,600 Finished goods 608,200 571,000 December 31 Advertising expense $ 295,200 Depreciation expense-office equipment 44,400 Depreciation expense-factory equipment 55,000 Direct labor 669,600 Heat, light, and power-factory 22,480 Indirect labor 76,750 Materials purchased 658,600 Office salaries expense 185,300 Property taxes-factory 18,200 Property taxes-office building 32,400 Rent expense-factory 32,500 Sales 3,016,000 Sales salaries expense 419,000 Supplies-factory 15,900 Miscellaneous costs-factory 9,600 Required:

a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign.*
b. Prepare the 20Y8 income statement. *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Get Accounting homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Statement of Cost of Goods Manufactured Assignment