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Net Sales? Total Manufacturing Costs? Cost of Goods Manufactured?

Net Sales? Total Manufacturing Costs? Cost of Goods Manufactured?

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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Net Sales?

Total Manufacturing Costs?

Cost of Goods Manufactured?

Cost of Goods Sold?

General and Admin Expenses?

Selling and Distribution Expenses?

Profit or Loss of the year?

E 32-5- Preparation of statement of profit or loss The following data were taken from the Company for the year ended Dec. 31, 2021: Sales Sales returns Inventories, Jan. 1: Raw materials Work in process Finished goods Inventories, Dec. 31: Raw materials Work in process Finished goods Direct labor Purchases Purchase returns Purchase discounts Freight in Freight out Sales salaries Office salaries Depreciation factory building Depreciation - office equipment Depreciation-store equipment Depreciation - machinery and equipment Amortization - patents Bad debts expense Factory supplies expense Indirect labor Interest income Factory light and power Property taxes and insurance - factory building ayaw records of Bernadette P5,590,000 55,000 131,000 238,350 442,000 145,500 175,720 412,000 1,050,300 2,051,500 17,150 12,550 8,250 200,000 445,000 155,000 44,000 44,000 77,000 25,500 33,000 20,000 75,550 35,300 116,240 65,000 Maanderhan 13,200
Transcribed Image Text:E 32-5- Preparation of statement of profit or loss The following data were taken from the Company for the year ended Dec. 31, 2021: Sales Sales returns Inventories, Jan. 1: Raw materials Work in process Finished goods Inventories, Dec. 31: Raw materials Work in process Finished goods Direct labor Purchases Purchase returns Purchase discounts Freight in Freight out Sales salaries Office salaries Depreciation factory building Depreciation - office equipment Depreciation-store equipment Depreciation - machinery and equipment Amortization - patents Bad debts expense Factory supplies expense Indirect labor Interest income Factory light and power Property taxes and insurance - factory building ayaw records of Bernadette P5,590,000 55,000 131,000 238,350 442,000 145,500 175,720 412,000 1,050,300 2,051,500 17,150 12,550 8,250 200,000 445,000 155,000 44,000 44,000 77,000 25,500 33,000 20,000 75,550 35,300 116,240 65,000 Maanderhan 13,200
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Cost of Goods Sold?

Profit or Loss of the year?

E 32-5- Preparation of statement of profit or loss The following data were taken from the Company for the year ended Dec. 31, 2021: Sales Sales returns Inventories, Jan. 1: Raw materials Work in process Finished goods Inventories, Dec. 31: Raw materials Work in process Finished goods Direct labor Purchases Purchase returns Purchase discounts Freight in Freight out Sales salaries Office salaries Depreciation factory building Depreciation - office equipment Depreciation-store equipment Depreciation - machinery and equipment Amortization - patents Bad debts expense Factory supplies expense Indirect labor Interest income Factory light and power Property taxes and insurance - factory building ayaw records of Bernadette P5,590,000 55,000 131,000 238,350 442,000 145,500 175,720 412,000 1,050,300 2,051,500 17,150 12,550 8,250 200,000 445,000 155,000 44,000 44,000 77,000 25,500 33,000 20,000 75,550 35,300 116,240 65,000 Maanderhan 13,200
Transcribed Image Text:E 32-5- Preparation of statement of profit or loss The following data were taken from the Company for the year ended Dec. 31, 2021: Sales Sales returns Inventories, Jan. 1: Raw materials Work in process Finished goods Inventories, Dec. 31: Raw materials Work in process Finished goods Direct labor Purchases Purchase returns Purchase discounts Freight in Freight out Sales salaries Office salaries Depreciation factory building Depreciation - office equipment Depreciation-store equipment Depreciation - machinery and equipment Amortization - patents Bad debts expense Factory supplies expense Indirect labor Interest income Factory light and power Property taxes and insurance - factory building ayaw records of Bernadette P5,590,000 55,000 131,000 238,350 442,000 145,500 175,720 412,000 1,050,300 2,051,500 17,150 12,550 8,250 200,000 445,000 155,000 44,000 44,000 77,000 25,500 33,000 20,000 75,550 35,300 116,240 65,000 Maanderhan 13,200
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