Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $183,050 $226,980 Work in process 329,490 308,690 Finished goods 316,680 315,500 Advertising expense $154,120 Depreciation expense-office equipment 21,790 Depreciation expense-factory equipment 29,280 Direct labor 349,550 Heat, light, and power-factory 11,580 Indirect labor 40,860 Materials purchased 342,740 Office salaries expense 119,620 Property taxes-factory 9,530 Property taxes-headquarters building 19,750 Rent expense-factory 16,120 Sales 1,604,750 Sales salaries expense 197,020 Supplies-factory 7,940 Miscellaneous costs-factory 4,990
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $183,050 $226,980 Work in process 329,490 308,690 Finished goods 316,680 315,500 Advertising expense $154,120 Depreciation expense-office equipment 21,790 Depreciation expense-factory equipment 29,280 Direct labor 349,550 Heat, light, and power-factory 11,580 Indirect labor 40,860 Materials purchased 342,740 Office salaries expense 119,620 Property taxes-factory 9,530 Property taxes-headquarters building 19,750 Rent expense-factory 16,120 Sales 1,604,750 Sales salaries expense 197,020 Supplies-factory 7,940 Miscellaneous costs-factory 4,990
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 15E: Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone...
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Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company
The following information is available for Shanika Company for 20Y6:
Inventories | January 1 | December 31 | ||
Materials | $183,050 | $226,980 | ||
Work in process | 329,490 | 308,690 | ||
Finished goods | 316,680 | 315,500 |
Advertising expense | $154,120 |
21,790 | |
Depreciation expense-factory equipment | 29,280 |
Direct labor | 349,550 |
Heat, light, and power-factory | 11,580 |
Indirect labor | 40,860 |
Materials purchased | 342,740 |
Office salaries expense | 119,620 |
Property taxes-factory | 9,530 |
Property taxes-headquarters building | 19,750 |
Rent expense-factory | 16,120 |
Sales | 1,604,750 |
Sales salaries expense | 197,020 |
Supplies-factory | 7,940 |
Miscellaneous costs-factory | 4,990 |
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