Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods 783 manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Yakima Materials inventory, May 1 Company $ 100,000 Company $ 48,200 Materials inventory, May 31 Materials purchased Cost of direct materials used in production (a) 50,000 950,000 710,000 Direct labor 938,500 (a) 2,860,000 (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 1,800,000 (b) 5,998,500 446,000 2,484,200 2,660,600 Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 400,000 176,400 382,000 (c) (c) 2,491,500 615,000 596,500 190,000 (d) 9,220,000 4,550,000 Sales (d) 2,470,000 Cost of goods sold Gross profit (e) (e) (f) 1,000,000 (f) Operating expenses 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K
Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods 783 manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Yakima Materials inventory, May 1 Company $ 100,000 Company $ 48,200 Materials inventory, May 31 Materials purchased Cost of direct materials used in production (a) 50,000 950,000 710,000 Direct labor 938,500 (a) 2,860,000 (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 1,800,000 (b) 5,998,500 446,000 2,484,200 2,660,600 Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 400,000 176,400 382,000 (c) (c) 2,491,500 615,000 596,500 190,000 (d) 9,220,000 4,550,000 Sales (d) 2,470,000 Cost of goods sold Gross profit (e) (e) (f) 1,000,000 (f) Operating expenses 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you please resubmit the ex PR 15-4A because I didn't receive any answers for them and I will resend you the exercise Thank you!
Transcribed Image Text:BUSINESS • ACCOUNTING
Only ex PR 15-4A please and thank you ?
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a)
II
Transcribed Image Text:Chapter 15 Introduction to Managerial Accounting
PR 15-4A Manufacturing income statement, statement of cost of goods
manufactured
783
V1. b. Yakima
Company,
$1,330,000
Several items are omitted from the income statement and cost of goods manufactured statement
data for two different companies for the month of May:
Obj. 3
Rainier
Materials inventory, May 1
Materials inventory, May 31
Materials purchased
Cost of direct materials used in production
Yakima
Company
$ 100,000
Company
$ 48,200
EXCEL TEMPLATE
(a)
50,000
950,000
938,500
710,000
Direct labor
(a)
(b)
Factory overhead
Total manufacturing costs incurred in May
Total manufacturing costs
2,860,000
1,800,000
446,000
(b)
2,484,200
Work in process inventory, May 1
5,998,500
2,660,600
400,000
176,400
Work in process inventory, May 31
Cost of goods manufactured
Finished goods inventory, May 1
Finished goods inventory, May 31
382,000
(c)
(c)
2,491,500
615,000
190,000
ndicate sh
596,500
(d)
ead cs
the folo
Sales
9,220,000
4,550,000
Cost of goods sold
(d)
2,470,000
Gross profit
(e)
(e)
1,000,000
(f)
Operating expenses
(f)
1,500,000
Net income
1. For both companies, determine the amounts of the missing items (a) through (f), identifying
them by letter.
Instructions
2. Prepare Yakima Company's statement of cost of goods manufactured for May.
3. Prepare Yakima Company's income statement for May. K
Apsor
Obj. 3
af goods manufactured and income
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