Need help completing a Schedule of Cost of Goods Manufactured and a Manufacturing Company Income statement.
Need help completing a Schedule of Cost of Goods Manufactured and a
Manufacturing Company Income statement.
Cost of Goods Manufactured Data
Direct labor 171000
Depreciation 20400
Purchases of direct material 350600
Beginning work-in-process 80350
Ending direct materials 65400
Indirect materials 18500
Plant utilities, insurance and Property taxes 19150
Ending work-in-process 27200
Beginning direct materials 70050
Indirect labor 31000
Manufacturing Income Statement Data
Net sales revenue 1002000
Income taxes 54000
Beginning finished goods 500
Supplies expense 5600
Ending finished goods inventory 60850
Cost of goods manufactured 660750
Wage expense 120250
Depreciation expense 7500
Rent expense 100050
Insurance expense 10150