I need help with the formula instead of the actual answer. 78910NNNNNHHнннннннн1234O1112131415161718191062021A222339562425ωωΝΝΝΝΝ26189OHN27282930313233BData Section:CDepreciation-equipmentDirect laborDirect materials inventory, 1/1Direct materials inventory, 12/31Factory rentFinished goods, 1/1Finished goods, 12/31Indirect laborIndirect materialsPurchases of direct materialsWork in process, 1/1Work in process, 12/31Answer Section:DWork in process, 1/1Direct materialsDirect materials inventory, 1/1Add:Purchases of Materials$45,000642,00091,50093,00076,410132,000172,50037,50026,250645,18030,30028,665Jackson ManufacturingSchedule of Cost of Goods Manufactured and SoldFor the Year Ended December 3191,500FORMULA1EF30,300 A813233343536373839A40414243444522S44515. 5 - ප464748495051525354555652BCDirect materials inventory, 1/1Add:Purchases of MaterialsCost of direct materials availableLess: Direct Material, 12/31Cost of direct materials usedDirect laborManufacturing overhead:Factory rentDepreciation - EquipmentIndirect LaborIndirect MaterialTotal manufacturing costs incurredTotal manufacturing costsLess: Work in Process, 12/31Cost of goods manufacturedFinished Goods, 1/1Cost of goods available for saleLess: Finished goods, 12/31Cost of Goods SoldD91,500FORMULA1$0FORMULA2$76,410FORMULA4FORMULA5FORMULA6EFORMULA3642,0000FFORMULA7$0FORMULA8FORMULA9FORMULA10FORMULA11172,500FORMULA12

Cost of goods sold refers to cost directly related to producing goods. It does not include indirect…

7 89 8 9 10 11 12 11 ~ 3 13 14 15 45678 WWWNNNNNNNNNNH1T1T 16 17 18 19 20 21 A 22 23456 23 24 25 26 27 28 29 30 31 32 B Data Section: Depreciation-equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 Work in process, 1/1 Direct materials Direct materials inventory, 1/1 Add: Purchases of Materials 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31 91,500 FORMULA1 30,300

7 89 8 9 10 11 12 11 ~ 3 13 14 15 45678 WWWNNNNNNNNNNH1T1T 16 17 18 19 20 21 A 22 23456 23 24 25 26 27 28 29 30 31 32 B Data Section: Depreciation-equipment Direct labor Direct materials inventory, 1/1 Direct materials inventory, 12/31 Factory rent Finished goods, 1/1 Finished goods, 12/31 Indirect labor Indirect materials Purchases of direct materials Work in process, 1/1 Work in process, 12/31 Answer Section: $45,000 642,000 91,500 93,000 76,410 132,000 172,500 37,500 26,250 Work in process, 1/1 Direct materials Direct materials inventory, 1/1 Add: Purchases of Materials 645,180 30,300 28,665 Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31 91,500 FORMULA1 30,300

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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