Levels Tought:
University
Teaching Since: | Apr 2017 |
Last Sign in: | 345 Weeks Ago, 2 Days Ago |
Questions Answered: | 9562 |
Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Tiessen Limited provided the following information for the year ended December 31:
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Marketing expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
$300,000 |
Direct labour cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
270,000 |
Raw material purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
396,000 |
Rent, manufacturing building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
240,000 |
Indirect labour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
168,900 |
Sales commissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
105,000 |
Utilities, manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
27,000 |
Depreciation, manufacturing equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
72,000 |
Supplies, manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
2,100 |
Depreciation, office equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
24,000 |
Repairs, manufacturing equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
120,000 |
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Raw materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
$24,000 |
$30,000 |
Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
15,000 |
60,000 |
Finished goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
210,000 |
75,000 |
 Required:
1.             Prepare a schedule of cost of goods manufactured.
2.             Prepare the cost of goods sold section of Tiessen Limited’s income statement for the year.
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