2-2A - Schedule of Cost of Goods Manufactured Kelowna Plumbing Supplies shows the following data related to its December 31, 2017 fiscal year: Raw materials inventory. January 1. 2017 Raw materials inventory, December 31, 2017 Work in process inventory. January 1, 2017 $5.000 8,000 23,000 Work in process inventory, December 31, 2017 21,000 Finished goods inventory. Jamuary 1. 2017 16,000 Finished goods inventory, December 31, 2017 10,000 Advertising Factory supervisor's salary Company presidenr's salary Property taxes- factory Depreciation - factory Factory maintenance Sales conmissions 56,000 42.000 85,000 25,000 35,000 7,000 32,000 Depreciation - office 2,000 Utilities expense - factory Utilities expense - office 23,000 11000 Purchases of raw materials 148,000 Direct labour 160,000 Required: Based on the information above, prepare a schedule of cost of goods mamufactured.

2-2A - Schedule of Cost of Goods Manufactured Kelowna Plumbing Supplies shows the following data related to its December 31, 2017 fiscal year: Raw materials inventory. January 1. 2017 Raw materials inventory, December 31, 2017 Work in process inventory. January 1, 2017 $5.000 8,000 23,000 Work in process inventory, December 31, 2017 21,000 Finished goods inventory. Jamuary 1. 2017 16,000 Finished goods inventory, December 31, 2017 10,000 Advertising Factory supervisor's salary Company presidenr's salary Property taxes- factory Depreciation - factory Factory maintenance Sales conmissions 56,000 42.000 85,000 25,000 35,000 7,000 32,000 Depreciation - office 2,000 Utilities expense - factory Utilities expense - office 23,000 11000 Purchases of raw materials 148,000 Direct labour 160,000 Required: Based on the information above, prepare a schedule of cost of goods mamufactured.

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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