Empire Glass Work provides the following data relating to operations for the month ended 31 August 2020 (in £):Materials, Aug. 1 20,000Work in process, Aug.1 7,000Finished Goods, Aug. 1 18,000Materials purchases 164,000Direct Materials used 134,000Indirect Materials used46,000Direct Labor cost62,000Indirect labor cost26,000Selling and Administrative expenses280,000Utility expenses, factory7,000Property taxes, factory2,000Insurance expenses, factory1,600Depreciation expenses, factory40,000Sales revenue700,000Sales return and allowances4,000Sales discount3,000Materials, Aug 314,300Work in process, Aug. 315,600Finished Goods, Aug. 318,000 ASKED:Make a COGM Statement and Income Statement! Document2 - Word (Product Activation Failed)Table ToolsFileHomeInsertDesignLayoutReferencesMailingsReviewViewOffice TabDesignLayoutO Tell me what you want to do...Mr. President 2 ShareX CutP Find -Calibri (Body) - 11- A AAa -AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AaBbCcC AaBbCcDt AaBbCcDt咱Copyabe ReplaceA - aly - ASubtle Em. Emphasis -PasteBIU - abe X, x*I NormalI No Spac. Heading 1 Heading 2TitleSubtitleFormat PainterA Select -ClipboardFontParagraphStylesEditingW Quiz1Document1 *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. 11. Empire Glass Work provides the following data relating to operations for the month ended 31+ August 2020 (in £):Materials, Aug. 1Work in process, Aug.1Finished Goods, Aug. 1Materials purchasesDirect Materials used20.0007,00018,000164.000134,00046,000Indirect Materials usedDirect Labor cost62,00026,000280,0007,0002,0001,60040,000700,0004,0003,0004,3005,6008,000Indirect labor costSelling and Administrative expensesUtility expenses, factoryProperty taxes, factoryInsurance expenses, factoryDepreciation expenses, factorySales revenueSales return and allowancesSales discountMaterials, Aug 31Work in process, Aug. 31Finished Goods, Aug. 31Activate WindowsGo to Settings to activate Windows.ASKED:Make a COGM Statement and Income Statement!Page 1 of 1108 wordsDE English (United States)100%

Cost of goods manufactured (COGM) is the cost incurred on the production of goods in a period.…

Answered: 1. Empire Glass Work provides the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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!

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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