Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
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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 26 Sep 2017 My Price 5.00

Nu-tonics Inc.

The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013:
Materials Inventory as at 1 January 2013 $ 20,000
Materials Inventory as at 31 December 2013 $ 24,000
Work in process Inventory as at 1 January 2013 $ 12,000
Work in process Inventory as at 31 December 2013 $ 8,000
Finished goods Inventory as at 1 January 2013 $ 80,000
Finished goods Inventory as at 31 December 2013 $ 90,000
Direct Materials used $210,000
Direct Labour $ 120,000
Administrative Expenses $ 310,000
Sales $ 700,000

Required:
1. Prepare a Schedule of the Cost of Finished Goods Manufactured for the year ended 31 December 2013.
2. Prepare the Income statement for the period ending 31 December 2013.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 03:09 PM My Price 5.00

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