Ch. 18 - Managerial Accounting - xBb 2193514+i learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193514?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=DUHfBVC7kn6FU8gu...* Ow WordCounter - Co...y! YahooA Regions Bank | Che..Welcome, Justin – B.* eBooks, Textbooks...O Jefferson State Co...Electronics, Cars, Fa...C Home | Chegg.com21935141 / 1100%+ |2. Prepare On Company's statement of cost of goods manufactured for December.3. Prepare On Company's income statement for December.PR 18-5B Statement of cost of goods manufactured and income statement for amanufacturing companyOBJ. 2, 3V1. Cost of goodsmanufactured,$367,510The following information is available for Shanika Company for 2014:January 1$ 77,350December 31Inventories$ 95,550MaterialsSPREADSHEETWork in process109,20096,2009volgm100,1001Finished goods113,750o quise nois$ 68,250Advertising expense22,750Depreciation expense-office equipmentDepreciation expense-factory equipment14,560186,550Direct labor5,850Heat, light, and power-factoryIndirect labor23,660Materials purchasedwan o123,50077,350Office salaries expense4,095Property taxes-factoryanohten13,650Sdo oo len với noiligab Property taxes-headquarters building6,825Rent expense-factorygo obt nib e baftilSales864,500do eoo d136,500Sales salaries expense3,250Supplies-factoryMiscellaneous costs-factory4,420Instructions1. Prepare the 2014 statement of cost of goods manufactured.2. Prepare the 2014 income statement.Cases & Projects6:17 PMO Type here to search日wRain coming3/22/2022*.....

Cost of Goods Manufactured: It is possible to compute a company's overall manufacturing expenses for…

PR 18-5B Statement of cost of goods manufactured and income statement for a OBJ. 2, 3 manufacturing company The following information is available for Shanika Company for 2014: December 31 Inventories Materials January 1 $ 77,350 $ 95,550 Work in process 109,200 96,200 Finished goods 113,750 100,100 $ 68,250 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment 22,750 14,560 186,550 Direct labor 5,850 Heat, light, and power-factory 23,660 Indirect labor 123,500 Materials purchased 77,350 Office salaries expense 4,095 Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense 13,650 6,825 864,500 136,500 3,250 Supplies-factory Miscellaneous costs-factory 4,420 epe e maeyea uny pa apa Instructions 1. Prepare the 2014 statement of cost of goods manufactured. 2. Prepare the 2014 income statement.

PR 18-5B Statement of cost of goods manufactured and income statement for a OBJ. 2, 3 manufacturing company The following information is available for Shanika Company for 2014: December 31 Inventories Materials January 1 $ 77,350 $ 95,550 Work in process 109,200 96,200 Finished goods 113,750 100,100 $ 68,250 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment 22,750 14,560 186,550 Direct labor 5,850 Heat, light, and power-factory 23,660 Indirect labor 123,500 Materials purchased 77,350 Office salaries expense 4,095 Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense 13,650 6,825 864,500 136,500 3,250 Supplies-factory Miscellaneous costs-factory 4,420 epe e maeyea uny pa apa Instructions 1. Prepare the 2014 statement of cost of goods manufactured. 2. Prepare the 2014 income statement.

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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