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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
(please see attatched photo)
Transcribed Image Text: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
Raw materials purchases
7,000
60,000
Raw materials inventory, end
17,000
Direct labor
60,000
Manufacturing overhead applied
Selling and administrative expenses:
Salaries and wages
95,000
30,000
Depreciation Expense
7,000
Advertising expense
44,000
Other Expense
Work in process, beginning
Work in process, end
Finished goods inventory beginning
Finished goods inventory, end
8,000
30,000
72,000
11,000
49,000
Note: Prepare a separate report the Schedules of Cost of Goods Manufactured
and sold.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
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
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education