Sales Salaries and benefits: Selling & administration Direct manufacturing labour Plant Maintenance workers Purchases of Direct Materials Indirect materials used Amortization expense ww Rent and insurance** Property taxes on plant equipment Management salaries. Heat, light & power ** Advertising expense **: 70% OF THESE COSTS ARE ASSIGNED TO MANUFACTURING OVERHEAD, AND 30% TO SELLING AND ADMINISTRATION Inventories: Finished goods Direct Materials Work in process August 1 $ 12,000,000 2,200,000 187,500 CGM and Income statement please $18,500,000 2,000,000 3,000,000 60,000 4,500,000 117,500 225,000 2,000,000 12,500 120,000 600,000 350,000 August 31 $8,000,000 800,000 212,500

Sales Salaries and benefits: Selling & administration Direct manufacturing labour Plant Maintenance workers Purchases of Direct Materials Indirect materials used Amortization expense ww Rent and insurance Property taxes on plant equipment Management salaries. Heat, light & power Advertising expense **: 70% OF THESE COSTS ARE ASSIGNED TO MANUFACTURING OVERHEAD, AND 30% TO SELLING AND ADMINISTRATION Inventories: Finished goods Direct Materials Work in process August 1 $ 12,000,000 2,200,000 187,500 CGM and Income statement please $18,500,000 2,000,000 3,000,000 60,000 4,500,000 117,500 225,000 2,000,000 12,500 120,000 600,000 350,000 August 31 $8,000,000 800,000 212,500

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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