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Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment. Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory- Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200 32,500 3,011,000 417,000 16,000 9,200 Required: a. Prepare the 2018 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement.

Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment. Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory- Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200 32,500 3,011,000 417,000 16,000 9,200 Required: a. Prepare the 2018 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement.

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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Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment. Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory- Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200 32,500 3,011,000 417,000 16,000 9,200 Required: a. Prepare the 2018 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement.
Transcribed Image Text:Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment. Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory- Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200 32,500 3,011,000 417,000 16,000 9,200 Required: a. Prepare the 2018 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement.
The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 December 31 $351,000 $435,800 625,200 590,400 607,400 . 571,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building December 31 $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200
Transcribed Image Text:The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 December 31 $351,000 $435,800 625,200 590,400 607,400 . 571,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building December 31 $ 296,600 43,560 55,880 669,000 22,060 76,000 658,200 183,300 18,300 31,200
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