1. Prepare (a) a manufacturing schedule and (b) an statement using the cost data of James Jones during the month of June, 2015. James Jones data are provided below. Direct Labor $370,000 Materials purchased during the month of June, 2015 $405,000 Material purchases returns Material Purchases Discount Materials Transportation In Materials, June 1 Work-in process, June 1 $142,000 Materials June 30, end of month Work-in process, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 Sales Commission Advertising expense Administrative Expenses Sales Sales Returns and Allowances Sales Discount Transportation-out Indirect Labor Cost Factory machinery depreciation Factory heat, light, and power Factory supplies Factory building property taxes Factory miscellaneous expenses $1,500 $500 $1,000 $200,000 $180,000 $159,000 $110,000 $125,000 $5,000 $10,000 $25,000 $800,000 $100,000 $50,000 $25,000 $40,300 $6,500 $25,000 $8,000 $6,000 $11,000

1. Prepare (a) a manufacturing schedule and (b) an statement using the cost data of James Jones during the month of June, 2015. James Jones data are provided below. Direct Labor $370,000 Materials purchased during the month of June, 2015 $405,000 Material purchases returns Material Purchases Discount Materials Transportation In Materials, June 1 Work-in process, June 1 $142,000 Materials June 30, end of month Work-in process, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 Sales Commission Advertising expense Administrative Expenses Sales Sales Returns and Allowances Sales Discount Transportation-out Indirect Labor Cost Factory machinery depreciation Factory heat, light, and power Factory supplies Factory building property taxes Factory miscellaneous expenses $1,500 $500 $1,000 $200,000 $180,000 $159,000 $110,000 $125,000 $5,000 $10,000 $25,000 $800,000 $100,000 $50,000 $25,000 $40,300 $6,500 $25,000 $8,000 $6,000 $11,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Is there an excel table showing how to use functions?
True or False: Access controls limit who can change records Group of answer choices True False
How is the access control list approach different from RBAC?
1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Which of the following QBO features can be used to save a transaction that will be re-used in the future? Multiple Choice Saved transactions (+) New icon Recurring transactions None of the choices is correct.
Adjusting entries and error example
Landscape is O a. Page Layout O b. A Font Style c. Page Orientation O d. Paper Size
please see attached problem
Does a user view always require multiple tables to support it? Explain.
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself
Information that is reported free from error ________.
Write a note on IFRS.