Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit Operating expenses Net income (a) (b) (c) (d) 3 (f) On Company 65,800 282,800 317,800 387,800 148,400 973,000 119,000 172,200 224,000 197,400 1,127,000 117,600 (a) (b) (c) 흐 (e) (1) Off Company 195,300 91,140 577,220 256,060 1,519,000 1,727,320 208,320 1,532,020 269,080 1,944,320 1,545,040 164,920
Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit Operating expenses Net income (a) (b) (c) (d) 3 (f) On Company 65,800 282,800 317,800 387,800 148,400 973,000 119,000 172,200 224,000 197,400 1,127,000 117,600 (a) (b) (c) 흐 (e) (1) Off Company 195,300 91,140 577,220 256,060 1,519,000 1,727,320 208,320 1,532,020 269,080 1,944,320 1,545,040 164,920
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Need answers for [off company a & b]. Please post explanation how that number is obtained!
Transcribed Image Text:Materials inventory, December 1
Materials inventory, December 31
Materials purchased
Cost of direct materials used in production
Direct labor
Factory overhead
Total manufacturing costs incurred in December
Total manufacturing costs
Work in process inventory, December 1
Work in process inventory, December 31
Cost of goods manufactured
Finished goods inventory, December 1
Finished goods inventory, December 31
Sales
Cost of goods sold
Gross profit
Operating expenses
Net income
(a)
(b)
(c)
(d)
(f)
On Company
65,800
282,800
317,800
387,800
148,400
973,000
119,000
172,200
224,000
197,400
1,127,000
117,600
(a)
(b)
O
흐
(e)
(1)
Off Company
195,300
91,140
577,220
256,060
1,519,000
1,727,320
208,320
1,532,020
269,080
1,944,320
1,545,040
164,920
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