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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A review of accounts showed the following for Pacific Parts for last year:
|
Administrative costs |
$1,216,000 |
|
Depreciation, manufacturing |
412,000 |
|
Direct labor |
1,928,000 |
|
Direct materials purchases |
1,252,000 |
|
Direct materials inventory, January 1 |
408,000 |
|
Direct materials inventory, December 31 |
324,000 |
|
Finished goods inventory, January 1Â |
640,000 |
|
Finished goods inventory, December 31 |
588,000 |
|
Heat, light, and power—plant |
348,000 |
|
Marketing costs |
1,088,000 |
|
Miscellaneous manufacturing costs |
48,000 |
|
Plant maintenance and repairs |
296,000 |
|
Sales revenue |
8,144,000 |
|
Supervisory and indirect labor |
508,000 |
|
Supplies and indirect materials |
56,000 |
|
Work-in-process inventory, January 1Â . . |
540,000 |
|
Work-in-process inventory, December 31 |
568,000 |
Prepare an income statement with a supporting cost of goods manufactured and sold statement.
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