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Cost and sales information for the most recent fiscal year are show WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: 1. Prepare a schedule of cost of goods manufactured. 1111ta WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 $ 90,000 10,000 17,000 42,000 5,000 60,000 30,000 70,000 450,000 27,000 1,000 80,000 20,000 65,000 7,000 30,000 10,000 40,000

Cost and sales information for the most recent fiscal year are show WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: 1. Prepare a schedule of cost of goods manufactured. 1111ta WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 $ 90,000 10,000 17,000 42,000 5,000 60,000 30,000 70,000 450,000 27,000 1,000 80,000 20,000 65,000 7,000 30,000 10,000 40,000

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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Cost and sales information for the most recent fiscal year are show WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: 1. Prepare a schedule of cost of goods manufactured. 1x11ta WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 $ 90,000 10,000 17,000 42,000 5,000 60,000 30,000 70,000 450,000 27,000 1,000 80,000 20,000 65,000 7,000 30,000 10,000 40,000
Transcribed Image Text:Cost and sales information for the most recent fiscal year are show WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: 1. Prepare a schedule of cost of goods manufactured. 1x11ta WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 $ 90,000 10,000 17,000 42,000 5,000 60,000 30,000 70,000 450,000 27,000 1,000 80,000 20,000 65,000 7,000 30,000 10,000 40,000
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