Treasury Management Removal Examination 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 Selling and administrative expenses: 95,000 Salaries and wages 30,000 Depreciation Expense Advertising expense Other Expense Work in process, beginning Work in process, end Finished goods inventory beginning 7,000 44,000 8,000 30,000 72,000 11,000 Finished goods inventory, end 49,000 Note: Prepare a separate report the Schedules of Cost of Goods Manufactured and sold.

Treasury Management Removal Examination 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 Selling and administrative expenses: 95,000 Salaries and wages 30,000 Depreciation Expense Advertising expense Other Expense Work in process, beginning Work in process, end Finished goods inventory beginning 7,000 44,000 8,000 30,000 72,000 11,000 Finished goods inventory, end 49,000 Note: Prepare a separate report the Schedules of Cost of Goods Manufactured and sold.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5P: Selling and administrative expense budget and budgeted income statement Budgeted selling and...

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