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4 5 9 11 12 3 10 78 2 3 AS 6 4 5 AB Costs incurred: Marketing expense Depreciation, manufacturing equipment Depreciation, office equipment Direct labour cost Indirect labour Question 3 Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold Fazloen Limited provided the following information for the year ended December 31: Raw material purchases Rent, manufacturing building Repairs, manufacturing equipment Sales commissions Supplies, manufacturing Utilities, manufacturing D Inventories: Raw materials Work in process Finished goods $ 600,000 144,000 48,000 540,000 $337,800 792,000 480,000 240,000 $ 210,000 4,200 54,000 B Beginning of Year $ 48,000 $ 30,000 $420,000 End of Year $ 60,000 $120,000 $150,000

4 5 9 11 12 3 10 78 2 3 AS 6 4 5 AB Costs incurred: Marketing expense Depreciation, manufacturing equipment Depreciation, office equipment Direct labour cost Indirect labour Question 3 Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold Fazloen Limited provided the following information for the year ended December 31: Raw material purchases Rent, manufacturing building Repairs, manufacturing equipment Sales commissions Supplies, manufacturing Utilities, manufacturing D Inventories: Raw materials Work in process Finished goods $ 600,000 144,000 48,000 540,000 $337,800 792,000 480,000 240,000 $ 210,000 4,200 54,000 B Beginning of Year $ 48,000 $ 30,000 $420,000 End of Year $ 60,000 $120,000 $150,000

FINANCIAL ACCOUNTING
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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4 5 9 11 12 3 10 78 2 3 AS 6 4 5 AB Costs incurred: Marketing expense Depreciation, manufacturing equipment Depreciation, office equipment Direct labour cost Indirect labour Question 3 Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold Fazloen Limited provided the following information for the year ended December 31: Raw material purchases Rent, manufacturing building Repairs, manufacturing equipment Sales commissions Supplies, manufacturing Utilities, manufacturing D Inventories: Raw materials Work in process Finished goods $ 600,000 144,000 48,000 540,000 $337,800 792,000 480,000 240,000 $ 210,000 4,200 54,000 B Beginning of Year $ 48,000 $ 30,000 $ 420,000 End of Year $ 60,000 $120,000 $150,000
Transcribed Image Text:4 5 9 11 12 3 10 78 2 3 AS 6 4 5 AB Costs incurred: Marketing expense Depreciation, manufacturing equipment Depreciation, office equipment Direct labour cost Indirect labour Question 3 Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold Fazloen Limited provided the following information for the year ended December 31: Raw material purchases Rent, manufacturing building Repairs, manufacturing equipment Sales commissions Supplies, manufacturing Utilities, manufacturing D Inventories: Raw materials Work in process Finished goods $ 600,000 144,000 48,000 540,000 $337,800 792,000 480,000 240,000 $ 210,000 4,200 54,000 B Beginning of Year $ 48,000 $ 30,000 $ 420,000 End of Year $ 60,000 $120,000 $150,000
35 33 34 36 37 8 2 31 32 45 46 26 27 47 18 D 28 29 30 1. Prepare a schedule of cost of goods manufactured. FAZLOEN LIMITED Schedule of Cost of Goods Manufactured For the year ended December 31 D 2. Prepare the cost of goods sold section of Fazloen Limited's income statement for the year.
Transcribed Image Text:35 33 34 36 37 8 2 31 32 45 46 26 27 47 18 D 28 29 30 1. Prepare a schedule of cost of goods manufactured. FAZLOEN LIMITED Schedule of Cost of Goods Manufactured For the year ended December 31 D 2. Prepare the cost of goods sold section of Fazloen Limited's income statement for the year.
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