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The following information is available for Sunland Company. January 1, 2020 $25,330 15,170 28,340 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue 2020 $152,300 223,050 183,600 902,420 December 31, 2020 $33,190 19,680 21,530

The following information is available for Sunland Company. January 1, 2020 $25,330 15,170 28,340 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue 2020 $152,300 223,050 183,600 902,420 December 31, 2020 $33,190 19,680 21,530

FINANCIAL ACCOUNTING
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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Exercise 19-14 a-c The following information is available for Sunland Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2020 $25,330 15,170 28,340 Compute cost of goods manufactured. + + Sunland Company Cost of Goods Manufactured Schedule # Ĉ 2020 # $152,300 223,050 183,600 902,420 December 31, 2020 $33,190 19,680 21,530
Transcribed Image Text:Exercise 19-14 a-c The following information is available for Sunland Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2020 $25,330 15,170 28,340 Compute cost of goods manufactured. + + Sunland Company Cost of Goods Manufactured Schedule # Ĉ 2020 # $152,300 223,050 183,600 902,420 December 31, 2020 $33,190 19,680 21,530
Prepare an income statement through gross profit. + + + SUNLAND COMPANY Income Statement (Partial) + + + ↑ + Show the presentation of the ending inventories on the December 31, 2020, balance sheet. SUNLAND COMPANY (Partial) Balance Sheet # # + $ 100
Transcribed Image Text:Prepare an income statement through gross profit. + + + SUNLAND COMPANY Income Statement (Partial) + + + ↑ + Show the presentation of the ending inventories on the December 31, 2020, balance sheet. SUNLAND COMPANY (Partial) Balance Sheet # # + $ 100
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