Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 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 12 Jul 2017 My Price 11.00

information is for Diablo, Inc

Income Statement and Supporting Schedules. The following information is for Diablo, Inc., for the year ended December 31, 2011.

Raw materials inventory beginning balance

$

60,000

Raw materials inventory ending balance

$

48,000

Work-in-process inventory beginning balance

$3,300,000

Work-in-process inventory ending balance

$3,600,000

Finished goods inventory beginning balance

$2,460,000

Finished goods inventory ending balance

$2,100,000

Raw material purchases

$ 600,000

Direct labor used in production

$ 750,000

Manufacturing overhead

$3,780,000

Selling costs

$ 540,000

General and administrative

$1,440,000

Sales revenue

$7,590,000

Of the total raw materials placed in production for the year, $72,000 was for indirect materials.

Required:

a. Prepare a schedule of raw materials placed in production for the year ended December 31, 2011.

b. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2011.

c. Prepare a schedule of cost of goods sold for the year ended December 31, 2011.

d. Prepare an income statement for the year ending December 31, 2011.

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Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 08:07 AM My Price 11.00

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