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5 BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Work in Progress Inventory, beginning Raw Materials Used Direct labor Manufacturing Overhead Total cost of Work in Process Inventory 3,134

5 BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Work in Progress Inventory, beginning Raw Materials Used Direct labor Manufacturing Overhead Total cost of Work in Process Inventory 3,134

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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Accounting

26 27 28 9 Work in Progress Inventory, beginning Raw Materials Used 0 1 Direct labor 2 Manufacturing Overhead B 5 • BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Total cost of Work in Process Inventory b. Prepare an income statement Net sales Cost of goods sold: BladeCraft Income Statement For the month ended January 31, 2023 $ Operating Expenses (list alphabetically) 229,300 3,134
Transcribed Image Text:26 27 28 9 Work in Progress Inventory, beginning Raw Materials Used 0 1 Direct labor 2 Manufacturing Overhead B 5 • BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Total cost of Work in Process Inventory b. Prepare an income statement Net sales Cost of goods sold: BladeCraft Income Statement For the month ended January 31, 2023 $ Operating Expenses (list alphabetically) 229,300 3,134
1 Question: Cost of Goods Manufactured & Income Statement 2 PLEASE DO NOT DELETE CELLS 3 4 BladeCraft has the following cost records for January 2023: 5 6 Inventory 7 Work In Process B Finished Goods 2 O Cost Item Accounting Expenses 2 Depreciation, factory equipment Direct labour Factory manager's salary Factory utilities Indirect factory labour Indirect materials Insurance premiums for general liability Legal Expenses (Branding, Patents, Etc) Maintenance, factory equipment Raw materials used Shipping and handling costs Travel and entertainment for executive clients SS $ $ Amount $ $ $ $ $ $ $ $ SASSASSA $ $ $ $ 1-Jan-23 31-Jan-23 3,134 $ 2,815 7,620 S 5,426 $ 9,300 1,656 31,324 4,062 926 4,399 1,003 1,929 9,800 1,722 26,759 3,998 14,871
Transcribed Image Text:1 Question: Cost of Goods Manufactured & Income Statement 2 PLEASE DO NOT DELETE CELLS 3 4 BladeCraft has the following cost records for January 2023: 5 6 Inventory 7 Work In Process B Finished Goods 2 O Cost Item Accounting Expenses 2 Depreciation, factory equipment Direct labour Factory manager's salary Factory utilities Indirect factory labour Indirect materials Insurance premiums for general liability Legal Expenses (Branding, Patents, Etc) Maintenance, factory equipment Raw materials used Shipping and handling costs Travel and entertainment for executive clients SS $ $ Amount $ $ $ $ $ $ $ $ SASSASSA $ $ $ $ 1-Jan-23 31-Jan-23 3,134 $ 2,815 7,620 S 5,426 $ 9,300 1,656 31,324 4,062 926 4,399 1,003 1,929 9,800 1,722 26,759 3,998 14,871
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