need true help with work thanks 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$300,000*70% of the building is devoted to production; 30% of the building is devoted toselling and administrative functions.$560,000$528,600$911,800$573,200$360,000In 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 *70% of the building is devoted to production: 30% of the building is devoted to

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 *70% of the building is devoted to production: 30% of the building is devoted to

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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