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Direct Materials Work In Process Finished Goods Direct Materials purchased Direct Labor Indirect materials Indirect Labor Power, 90% plant Property taxes, 80% plant Supervisory labor Administrative expense General Expense Transportation in Security guard 77% plant Gain on sale of furniture 1 Revenue from vending machine Interest Expense Interest Revenue Transportation out Loss on sale of truck Selling commission expense Depreciation Expense (straight line) 82% plant Housekeeping 80% plant Loss on sale of computers Sales Beginning 54,000 199,000 316,000 " Maintenance expense 85% plant Gain on sale of equipment Obsolete (written off) inventory Lease 75% plant Ending 49,000 175,000 295,000 4,580,000 3,840,000 216,000 885,000 259,000 306,000 1,356,000 1,615,000 2,555,000 65,000 345,000 45,000 898,000 475,000 996,000 24,000 27,250,000 135,000 35,000 625,000 65,000 455,000 1,180,000 30%✔ Tax rate Prepare the COGS and Income Statement for Snowy Owl Company 12/31/2022 in excel! Use perfect formatting (column usage, $, commas, summation lines, indents, spelling, etc). Number of shares of comma stock 1.000.000, no preferred stock, no items can be diluted. 15,000 19,000 8,000

Direct Materials Work In Process Finished Goods Direct Materials purchased Direct Labor Indirect materials Indirect Labor Power, 90% plant Property taxes, 80% plant Supervisory labor Administrative expense General Expense Transportation in Security guard 77% plant Gain on sale of furniture 1 Revenue from vending machine Interest Expense Interest Revenue Transportation out Loss on sale of truck Selling commission expense Depreciation Expense (straight line) 82% plant Housekeeping 80% plant Loss on sale of computers Sales Beginning 54,000 199,000 316,000 " Maintenance expense 85% plant Gain on sale of equipment Obsolete (written off) inventory Lease 75% plant Ending 49,000 175,000 295,000 4,580,000 3,840,000 216,000 885,000 259,000 306,000 1,356,000 1,615,000 2,555,000 65,000 345,000 45,000 898,000 475,000 996,000 24,000 27,250,000 135,000 35,000 625,000 65,000 455,000 1,180,000 30%✔ Tax rate Prepare the COGS and Income Statement for Snowy Owl Company 12/31/2022 in excel! Use perfect formatting (column usage, $, commas, summation lines, indents, spelling, etc). Number of shares of comma stock 1.000.000, no preferred stock, no items can be diluted. 15,000 19,000 8,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Direct Materials Work In Process Finished Goods Direct Materials purchased Direct Labor Indirect materials Indirect Labor Beginning 54,000 199,000 316,000 Power, 90% plant Property taxes, 80% plant Supervisory labor Administrative expense General Expense Transportation in Security guard 77% plant Gain on sale of furniture Selling commission expense Depreciation Expense (straight line) 82% plant Housekeeping 80% plant Loss on sale of computers Sales Revenue from vending machine Interest Expense Interest Revenue Ending 49,000 175,000 295,000 4,580,000 3,840,000 216,000 885,000 259,000 306,000 1,356,000 1,615,000 2,555,000 65,000 345,000 45,000 898,000 475,000 996,000 24,000 27,250,000 15,000 19,000 8,000 135,000 35,000 Transportation out Loss on sale of truck Maintenance expense 85% plant 625,000 Gain on sale of equipment 65,000 455,000 Obsolete (written off) inventory Lease 75% plant 1,180,000 30% Tax rate Prepare the COGS and Income Statement for Snowy Owl Company 12/31/2022 in excel! Use perfect formatting (column usage, $, commas, summation lines, indents, spelling, etc). Number of shares of common stock 1,000,000, no preferred stock, no items can be diluted.
Transcribed Image Text:Direct Materials Work In Process Finished Goods Direct Materials purchased Direct Labor Indirect materials Indirect Labor Beginning 54,000 199,000 316,000 Power, 90% plant Property taxes, 80% plant Supervisory labor Administrative expense General Expense Transportation in Security guard 77% plant Gain on sale of furniture Selling commission expense Depreciation Expense (straight line) 82% plant Housekeeping 80% plant Loss on sale of computers Sales Revenue from vending machine Interest Expense Interest Revenue Ending 49,000 175,000 295,000 4,580,000 3,840,000 216,000 885,000 259,000 306,000 1,356,000 1,615,000 2,555,000 65,000 345,000 45,000 898,000 475,000 996,000 24,000 27,250,000 15,000 19,000 8,000 135,000 35,000 Transportation out Loss on sale of truck Maintenance expense 85% plant 625,000 Gain on sale of equipment 65,000 455,000 Obsolete (written off) inventory Lease 75% plant 1,180,000 30% Tax rate Prepare the COGS and Income Statement for Snowy Owl Company 12/31/2022 in excel! Use perfect formatting (column usage, $, commas, summation lines, indents, spelling, etc). Number of shares of common stock 1,000,000, no preferred stock, no items can be diluted.
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