1. Empire Glass Work provides the following data relating to operations for the month ended 31 August 2020 (in £): Materials, Aug. 1 Work in process, Aug.1 Finished Goods, Aug. 1 Materials purchases Direct Materials used Indirect Materials used Direct Labor cost Indirect labor cost Selling and Administrative expenses Utility expenses, factory_ Property taxes, factory Insurance expenses, factory Depreciation expenses, factory Sales revenue Sales return and allowances Sales discount Materials, Aug 31 Work in process, Aug. 31 Finished Goods, Aug. 31 20,000 7,000 18,000 164,000 134,000 46,000 62,000 26,000 280,000 7,000 2,000 1,600 40,000 700,000 4,000 3,000 4,300 5,600 8.000 ASKED: Make a COGM Statement and Income Statement!

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Empire Glass Work provides the following data relating to operations for the month ended 31 August 2020 (in £):

Materials, Aug. 1

  20,000

Work in process,  Aug.1

 7,000

Finished Goods, Aug. 1

 18,000

Materials purchases

       164,000

Direct Materials used

 134,000

Indirect Materials used

46,000

Direct Labor cost

62,000

Indirect labor cost

26,000

Selling and Administrative expenses

280,000

Utility expenses, factory

7,000

Property taxes, factory

2,000

Insurance expenses, factory

1,600

Depreciation expenses, factory

40,000

Sales revenue

700,000

Sales return and allowances

4,000

Sales discount

3,000

Materials, Aug 31

4,300

Work in process,  Aug. 31

5,600

Finished Goods, Aug.  31

8,000

 

ASKED:

Make a COGM Statement and Income Statement!

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.: 3· 1· 2.1:1·1 # : ·1·1• 2.1:3·1· 4. 1· 5· 1 · 6. 1:7.1· 8. 9. 1 · 10. 1 11· 1 · 12. : 13. 1 · 14. 1· 15. 1 16. 1 17. 1
1. Empire Glass Work provides the following data relating to operations for the month ended 31
+ August 2020 (in £):
Materials, Aug. 1
Work in process, Aug.1
Finished Goods, Aug. 1
Materials purchases
Direct Materials used
20.000
7,000
18,000
164.000
134,000
46,000
Indirect Materials used
Direct Labor cost
62,000
26,000
280,000
7,000
2,000
1,600
40,000
700,000
4,000
3,000
4,300
5,600
8,000
Indirect labor cost
Selling and Administrative expenses
Utility expenses, factory
Property taxes, factory
Insurance expenses, factory
Depreciation expenses, factory
Sales revenue
Sales return and allowances
Sales discount
Materials, Aug 31
Work in process, Aug. 31
Finished Goods, Aug. 31
Activate Windows
Go to Settings to activate Windows.
ASKED:
Make a COGM Statement and Income Statement!
Page 1 of 1
108 words
DE English (United States)
100%
Transcribed Image Text:Document2 - Word (Product Activation Failed) Table Tools File Home Insert Design Layout References Mailings Review View Office Tab Design Layout O Tell me what you want to do... Mr. President 2 Share X Cut P Find - Calibri (Body) - 11 - A A Aa - AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AaBbCcC AaBbCcDt AaBbCcDt 咱Copy abe Replace A - aly - A Subtle Em. Emphasis - Paste BIU - abe X, x* I Normal I No Spac. Heading 1 Heading 2 Title Subtitle Format Painter A Select - Clipboard Font Paragraph Styles Editing W Quiz1 Document1 * W Document2 * x .: 3· 1· 2.1:1·1 # : ·1·1• 2.1:3·1· 4. 1· 5· 1 · 6. 1:7.1· 8. 9. 1 · 10. 1 11· 1 · 12. : 13. 1 · 14. 1· 15. 1 16. 1 17. 1 1. Empire Glass Work provides the following data relating to operations for the month ended 31 + August 2020 (in £): Materials, Aug. 1 Work in process, Aug.1 Finished Goods, Aug. 1 Materials purchases Direct Materials used 20.000 7,000 18,000 164.000 134,000 46,000 Indirect Materials used Direct Labor cost 62,000 26,000 280,000 7,000 2,000 1,600 40,000 700,000 4,000 3,000 4,300 5,600 8,000 Indirect labor cost Selling and Administrative expenses Utility expenses, factory Property taxes, factory Insurance expenses, factory Depreciation expenses, factory Sales revenue Sales return and allowances Sales discount Materials, Aug 31 Work in process, Aug. 31 Finished Goods, Aug. 31 Activate Windows Go to Settings to activate Windows. ASKED: Make a COGM Statement and Income Statement! Page 1 of 1 108 words DE English (United States) 100%
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