The Wooden Chair Group has the following sales and cost data for the year ending 2022: Inventories: Raw Materials Work in Progress Finished Goods Materials Purchased - Lumber Materials Purchased - Screws and Glue Wages - Carpenters Wages - Supervisor Wages - Custodian Depreciation - Power Saws Factory Utilities Insurance on Factory Factory Real Estate Taxes Sales Commissions Salespersons Cell Phones Sales - Delivery Beginning 5,000 1,000 7,000 Revenue CEO Salary Depreciation - Administrative Equipment Copy Paper Administrative Assistant Ending 6,000 2,000 8,000 26,000 3,000 37,000 9,000 4,000 16,000 2,200 3,400 4,600 25,000 7,600 3,200 37,000 6,500 1,500 7,200 390,000 Prepare an Income Statement including Cost of Goods Manufactured.

The Wooden Chair Group has the following sales and cost data for the year ending 2022: Inventories: Raw Materials Work in Progress Finished Goods Materials Purchased - Lumber Materials Purchased - Screws and Glue Wages - Carpenters Wages - Supervisor Wages - Custodian Depreciation - Power Saws Factory Utilities Insurance on Factory Factory Real Estate Taxes Sales Commissions Salespersons Cell Phones Sales - Delivery Beginning 5,000 1,000 7,000 Revenue CEO Salary Depreciation - Administrative Equipment Copy Paper Administrative Assistant Ending 6,000 2,000 8,000 26,000 3,000 37,000 9,000 4,000 16,000 2,200 3,400 4,600 25,000 7,600 3,200 37,000 6,500 1,500 7,200 390,000 Prepare an Income Statement including Cost of Goods Manufactured.

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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The cost of raw materials purchases for 2019 is?
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