The Roger Corporation has requested you to prepare the Statement of Financial Operation (Income Statement) for the month ended April, 30, 2021 and has provided you with the following information. ACCOUNT TITLES AMOUINT Sales P 225,000 Raw materials inventory, beginning 7,000 Raw materials purchases 60,000 Raw materials inventory, end 17,000 Direct labor 60,000 Manufacturing overhead applied 95,000 Selling and administrative expenses: Salaries and wages 30,000 Depreciation Expense 7,000 Advertising expense 42,000 Other Expense 8,000 Work in process, beginning 30,000 Work in process, end 72,000 Finished goods inventory beginning 10,000 Finished goods inventory, end 49,500 Note: Prepare a separate report the Schedules of Cost of Goods Manufactured and sold.
The Roger Corporation has requested you to prepare the Statement of Financial Operation (Income Statement) for the month ended April, 30, 2021 and has provided you with the following information. ACCOUNT TITLES AMOUINT Sales P 225,000 Raw materials inventory, beginning 7,000 Raw materials purchases 60,000 Raw materials inventory, end 17,000 Direct labor 60,000 Manufacturing overhead applied 95,000 Selling and administrative expenses: Salaries and wages 30,000 Depreciation Expense 7,000 Advertising expense 42,000 Other Expense 8,000 Work in process, beginning 30,000 Work in process, end 72,000 Finished goods inventory beginning 10,000 Finished goods inventory, end 49,500 Note: Prepare a separate report the Schedules of Cost of Goods Manufactured and sold.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Roger Corporation has requested you to prepare the Statement of Financial
Operation (Income Statement) for the month ended April, 30, 2021 and has provided
you with the following information.
ACCOUNT TITLES
AMOUINT
Sales
P 225,000
Raw materials inventory, beginning
7,000
Raw materials purchases
60,000
Raw materials inventory, end
17,000
Direct labor
60,000
Manufacturing overhead applied
95,000
Selling and administrative expenses:
Salaries and wages
30,000
Depreciation Expense
7,000
Advertising expense
42,000
Other Expense
8,000
Work in process, beginning
30,000
Work in process, end
72,000
Finished goods inventory beginning
10,000
Finished goods inventory, end
49,500
Note: Prepare a separate report the Schedules of Cost of Goods Manufactured and sold.
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