Personal Protective Gears & More (PPGM) design and manufacture masks for students. After production, the masks are placed into individual cases, before being transferred into Finished Goods. The accounting records of the business reflect the following data at June 30, 2021, for the manufacturing of masks for Mount Marlie High School. Inventory 1/7/2020 30/6/2021 Raw Materials $230,000 $35,000 Work in Progress $348,300 $632,900 $260,000 |Factory Supplies $24,000 $203,300 $485,000 Finished Goods Other information: Sales Revenue Factory Supplies Purchased Direct Factory Labor $5.731,000 64,000 792,000 Raw Materials Purchased 560,000 Plant janitorial service Depreciation: Plant & Equipment Total Utilities ! Production Supervisor's Salary 37,000 186,000 481,250 450,000
Personal Protective Gears & More (PPGM) design and manufacture masks for students. After production, the masks are placed into individual cases, before being transferred into Finished Goods. The accounting records of the business reflect the following data at June 30, 2021, for the manufacturing of masks for Mount Marlie High School. Inventory 1/7/2020 30/6/2021 Raw Materials $230,000 $35,000 Work in Progress $348,300 $632,900 $260,000 |Factory Supplies $24,000 $203,300 $485,000 Finished Goods Other information: Sales Revenue Factory Supplies Purchased Direct Factory Labor $5.731,000 64,000 792,000 Raw Materials Purchased 560,000 Plant janitorial service Depreciation: Plant & Equipment Total Utilities ! Production Supervisor's Salary 37,000 186,000 481,250 450,000
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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