Please do not give solution in image format thanku ●●Direct labour costPurchases of raw materialsIndirect labourMaintenance of factory equipment● Advertising expenseInsurance of factory equipmentSales salariesRent of factory facilitiesSuppliesDepreciation of office equipmentDepreciation of factory equipment$70 000120 00045 0006 00090 0001 90050 00024 0003 6004 50017 000 INVENTORY :Raw materialsWork in processFinished goodsREQUIRED:Beginning of the year$18 00010 30023 000End of the year$ 12 50015 15018 1001. Prepare a schedule of the cost of the goods manufactured2. Prepare the multi-step income statement of the year assuming that the total net sales were$500 000

The "cost of goods manufactured" (COGM) is the total cost incurred by a manufacturing company to…

INVENTORY: Raw materials Work in process Finished goods Beginning of the year $ 18 000 10 300 23 000 End of the year $ 12 500 15 150 18 100 REQUIRED: 1. Prepare a schedule of the cost of the goods manufactured 2. Prepare the multi-step income statement of the year assuming that the total net sales wer $ 500 000

INVENTORY: Raw materials Work in process Finished goods Beginning of the year $ 18 000 10 300 23 000 End of the year $ 12 500 15 150 18 100 REQUIRED: 1. Prepare a schedule of the cost of the goods manufactured 2. Prepare the multi-step income statement of the year assuming that the total net sales wer $ 500 000

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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