Ex) The following data were taken from the records of Santana company for the operating year ended in 31/12/2006 -Beginning raw materials inventory 7000 -Beginning work in process inventory 12000 -Purchases of raw materials 75000 -Purchases returns 1100 -Purchases allowance 900 -Purchases discounts 500 -Purchases expenses 2000 -Direct labor 66000 -Indirect materials 5500 -Indirect labor 8000 -Depreciation-Machinery 9000 -Maintenance-Machinery 11000 -Electricity 6500 -Heating and lighting 4000 -Ending raw materials inventory 14000 -Ended work in process inventory 9000 Ins :- 1-Prepare manufacturing account for the year ending in 31/12/2006 2-Prepare manufacturing statement for the year ending in 31/12/2006.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ex) The following data were taken from the records of Santana
company for the operating year ended in 31/12/2006
-Beginning raw materials inventory
7000
-Beginning work in process inventory 12000
-Purchases of raw materials
75000
-Purchases returns
1100
-Purchases allowance
900
-Purchases discounts
500
-Purchases expenses
2000
-Direct labor
66000
-Indirect materials
5500
-Indirect labor
8000
-Depreciation-Machinery
9000
-Maintenance-Machinery
11000
-Electricity
6500
-Heating and lighting
4000
-Ending raw materials inventory
14000
-Ended work in process inventory
9000
Ins:-
1-Prepare manufacturing account for the year ending in 31/12/2006.
2-Prepare manufacturing statement for the year ending in 31/12/2006.
37
Transcribed Image Text:Ex) The following data were taken from the records of Santana company for the operating year ended in 31/12/2006 -Beginning raw materials inventory 7000 -Beginning work in process inventory 12000 -Purchases of raw materials 75000 -Purchases returns 1100 -Purchases allowance 900 -Purchases discounts 500 -Purchases expenses 2000 -Direct labor 66000 -Indirect materials 5500 -Indirect labor 8000 -Depreciation-Machinery 9000 -Maintenance-Machinery 11000 -Electricity 6500 -Heating and lighting 4000 -Ending raw materials inventory 14000 -Ended work in process inventory 9000 Ins:- 1-Prepare manufacturing account for the year ending in 31/12/2006. 2-Prepare manufacturing statement for the year ending in 31/12/2006. 37
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