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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following information appears in Toledo Toy Company's records for last year:
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Sales revenue.........................................$99,300
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Administrative costs.................................19,700
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Manufacturing building depreciation.............11,750
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Indirect materials and supplies.....................2,150
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Sales commissions.....................................6,800
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Raw-material inventory, January 1................8,200
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Direct labor.............................................16,300
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Raw-material inventory, December 31............9,000
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Finished-goods inventory, January 1..............4,450
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Finished goods inventory, December 31..........3,900
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Raw-materials purchases...........................10,150
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Work-in-process inventory, December 31.......5,550
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Supervisory and indirect labor......................6,200
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Property taxes, manufacturing plant..............3,700
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Plant utilities and power............................11,500
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Work-in-process inventory, January 1...........6,600
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Prepare an income statement with a supporting schedule of cost of goods sold.
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