Homework Help is Here – Start Your Trial Now!
Business
Accounting
The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47,300 Factory Machinery Depreciation 44,450 Factory Utilities Office Utilities 77,800 Sales 10,050 Sales Discounts 85,950 7450 145,400 18,150 27.100 7,560 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28.050

The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47,300 Factory Machinery Depreciation 44,450 Factory Utilities Office Utilities 77,800 Sales 10,050 Sales Discounts 85,950 7450 145,400 18,150 27.100 7,560 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28.050

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47.300 Factory Machinery Depreciation 44,450 Factory Utilities 85,950 Office Utilities 77,800 10.050 -7.450 145,400 18,150 27.100 7,560 Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28,050
Transcribed Image Text:The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47.300 Factory Machinery Depreciation 44,450 Factory Utilities 85,950 Office Utilities 77,800 10.050 -7.450 145,400 18,150 27.100 7,560 Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28,050
Sales WILDHORSEMANUFACTURING COMPANY (Partial) Income Statement Sales Discounts Work in Process Inventary (1/1) Direct Materials Disc Materials Used Direct Labour $ Manufacturing Overal V Tal Raw Materials Avaluable for the V Indeed Labour ✓ V Unse V Raw Materials tory (12/31) V Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 V V 47300 110150 44450 18150 7540 7900 12940 40400 7260 800 10050 65.700 OLUTO #0000 7430 QL Acc Qu Acc Qu Acc Qu Acc Qu Acc Qu Aco Qu Aco Vie Acc
Transcribed Image Text:Sales WILDHORSEMANUFACTURING COMPANY (Partial) Income Statement Sales Discounts Work in Process Inventary (1/1) Direct Materials Disc Materials Used Direct Labour $ Manufacturing Overal V Tal Raw Materials Avaluable for the V Indeed Labour ✓ V Unse V Raw Materials tory (12/31) V Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 V V 47300 110150 44450 18150 7540 7900 12940 40400 7260 800 10050 65.700 OLUTO #0000 7430 QL Acc Qu Acc Qu Acc Qu Acc Qu Acc Qu Aco Qu Aco Vie Acc
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost Sheet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS