Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 9.00

Stellar Manufacturing Company

P1-4A The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30,  2011.

Raw Materials                                                      Factory Insurance                                 $    4,600 Inventory 7/1/10      $  48,000                                               Factory Machinery

 

Raw Materials

 

Depreciation

16,000

Inventory 6/30/11

39,600

Factory Utilities

27,600

Finished Goods

 

Office Utilities Expense

8,650

Inventory 7/1/10

96,000

Sales

554,000

Finished Goods

 

Sales Discounts

4,200

Inventory 6/30/11

95,900

Plant Manager’s Salary

29,000

Work in Process

 

Factory Property Taxes

9,600

Inventory 7/1/10

19,800

Factory Repairs

1,400

Work in Process

 

Raw Materials Purchases

96,400

Inventory 6/30/11

18,600

Cash

32,000

Direct Labor

149,250

 

 

Indirect Labor

24,460

 

 

Accounts Receivable

Instructions

27,000

 

 

(a)   Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

(b)   Prepare an income statement through gross profit.

(c)    Prepare the current assets section of the balance sheet at June 30, 2011.

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 07:08 PM My Price 9.00

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