JAMUARY 1 DECEMBER 31 $44 200 29.800 88.000 Inventories Finished goods Work in process Materiais $66.000 38.800 64 .000 $ 366.000 8.000 468,400 Materials purchased Sales discount Factory overhead (excluding depreciation) Marketing and administrative expenses (excluding deprecia- tion) 344,200 Depreciation (90% manutactuning, 10% marketing and adminis- trative expenses). Sales Direct labor Freight on materials purchased Rentalinčome. Interest on bonds payable 116,000 1,844,000 523.600 6.600 64,000 16,000 st of goods sold statement (CGAA a
JAMUARY 1 DECEMBER 31 $44 200 29.800 88.000 Inventories Finished goods Work in process Materiais $66.000 38.800 64 .000 $ 366.000 8.000 468,400 Materials purchased Sales discount Factory overhead (excluding depreciation) Marketing and administrative expenses (excluding deprecia- tion) 344,200 Depreciation (90% manutactuning, 10% marketing and adminis- trative expenses). Sales Direct labor Freight on materials purchased Rentalinčome. Interest on bonds payable 116,000 1,844,000 523.600 6.600 64,000 16,000 st of goods sold statement (CGAA a
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Cost of goods sold statement. The following data are provided by the controller of the Metaxen
brporation:
Cash
Accounts receivable
$240.000
348.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1525360f-99c8-4257-bd58-2c45196176bf%2F0c55cf40-72b2-4daf-ad56-a9ce1f1a9887%2Fod4ntg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cost of goods sold statement. The following data are provided by the controller of the Metaxen
brporation:
Cash
Accounts receivable
$240.000
348.000
![CHAPTER 2
FINANCIAL
JANUARY 1 DECEMBER 31
$44.200 $6.000
29.800
88.000
Inventories
Finished goods
Work in process
Materials
38.800
64.000
$ 366.000
8.000,
468,400
Materials purchased
Sales discount
Factory overhead (excluding depreciation)
Marketing and administrative expenses (excluding deprecia-
tion)
344,200
Depreciation (90% manutacturing, 10% marketing and adminis-
trative expenses).
Sales
Direct labor
Freight on materials purchased
Rentalinčome.
Interest on bonds payable
116,000
1,844,000
523.600
6.600
64.000
16,000
Required: Cost of goods sold statement.
(CGAA adapte](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1525360f-99c8-4257-bd58-2c45196176bf%2F0c55cf40-72b2-4daf-ad56-a9ce1f1a9887%2F9tkh0ce_processed.jpeg&w=3840&q=75)
Transcribed Image Text:CHAPTER 2
FINANCIAL
JANUARY 1 DECEMBER 31
$44.200 $6.000
29.800
88.000
Inventories
Finished goods
Work in process
Materials
38.800
64.000
$ 366.000
8.000,
468,400
Materials purchased
Sales discount
Factory overhead (excluding depreciation)
Marketing and administrative expenses (excluding deprecia-
tion)
344,200
Depreciation (90% manutacturing, 10% marketing and adminis-
trative expenses).
Sales
Direct labor
Freight on materials purchased
Rentalinčome.
Interest on bonds payable
116,000
1,844,000
523.600
6.600
64.000
16,000
Required: Cost of goods sold statement.
(CGAA adapte
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