Please don't provide answer in image format thank you Beginning Raw Materials InventoryEnding Raw Materials InventoryDirect Factory LaborIndirect Factory LaborIndirect MaterialsBuilding Utilities*Selling, General, and AdministrativeExpensesBuilding Depreciation*$375,000$435,000$185,000$35,000$15,000$44,000$125,000$560,000$528,600$911,800$573,200$360,000$300,000*70% of the building is devoted to production; 30% of the building is devoted toselling and administrative functions.In addition to the above information, $531,000 raw materials were purchased duringthe period. Sony's beginning and ending Work in Process inventories were $245,000and $290,000, respectively. The net decrease in the Company's finished goodsinventories during the period was $25,000. Raw materials contains both direct andindirect materials.Calculate Operating Income assuming a sales level of $1,500,000.

All selling, general & administrative expenses are deducted from gross profit to calculate the…

Beginning Raw Materials Inventory Ending Raw Materials Inventory Direct Factory Labor Indirect Factory Labor Indirect Materials Building Utilities* Selling, General, and Administrative Expenses Building Depreciation* $375,000 $435,000 $185,000 $35,000 $15,000 $44,000 $125,000 $300,000 0% of the building is devoted to production; 30% of the building is devoted to ing and administrative functions. addition to the above information, $531,000 raw materials were purchased during period. Sony's beginning and ending Work in Process inventories were $245,000

Beginning Raw Materials Inventory Ending Raw Materials Inventory Direct Factory Labor Indirect Factory Labor Indirect Materials Building Utilities* Selling, General, and Administrative Expenses Building Depreciation* $375,000 $435,000 $185,000 $35,000 $15,000 $44,000 $125,000 $300,000 0% of the building is devoted to production; 30% of the building is devoted to ing and administrative functions. addition to the above information, $531,000 raw materials were purchased during period. Sony's beginning and ending Work in Process inventories were $245,000

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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