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Category > Accounting Posted 29 Apr 2017 My Price 5.00

Cost of Goods Manufactured; Income Statement

3-55    Cost of Goods Manufactured; Income Statement Consider the following information for Blue Water Equipment, Inc., a manufacturer of sailboat rigging, blocks, and cordage. 

Advertising expenses

$  111,000

Depreciation expense—admin. office

88,000

Depreciation expense—plant and equip.

299,000

Depreciation expense—delivery trucks

55,000

Direct materials inventory, beginning

22,000

Direct materials inventory, ending

16,000

Direct materials purchases

348,000

Direct labor

455,000

Indirect labor

329,000

Finished goods inventory, beginning

66,000

Finished goods inventory, ending

42,000

Insurance on plant

44,000

Heat and light for plant

23,000

Repairs on plant building

34,000

Supervisor’s salary—plant

85,000

Supplies—plant

118,000

Supplies—administrative office

42,000

Work-in-process inventory, beginning

14,000

Work-in-process inventory, ending

11,000

Sales representatives’ salaries

216,000

Sales revenue

2,312,000

 

Required Prepare a statement of cost of goods manufactured and an income statement for Blue Water Equipment, Inc. for the year ended December 31, 2010.

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 Apr 2017 10:04 AM My Price 5.00

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Attachments

file 1493460049-1335987_1_636289558925625049_cost-sheet-.xlsx preview (59 words )
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