Please show your work and please do not use Excel. i need to be able to see the answers and work clearly Function: SUM; Formula: Subtract, Cell ReferencingUsing Excel To Prepare a Cost of Goods Manufactured Schedule and a PartialIncome StatementPROBLEMThe following is available for Aikman Company.Raw materials inventoryWork in process inventoryFinished goods inventoryMaterials purchasedDirect laborManufacturing overheadSales revenueJanuary 1, 2022$21,00013,50027,000During theYear 2022$a. Compute cost of goods manufactured.b. Prepare an income statement through gross profit.150,000220,000180,000910,000$December 31,202230,00017,20021,000Student Work AreaRequired: Provide input into cells shaded in yellow in this template. Use mathematical formulas withcell references to the Problem or work area as indicated. Use the SUM function with cell references toadd amounts as indicated.a.b.Aikman CompanyIncome Statement (Partial)For the Year Ended December 31, 2022

Cost of goods manufactured - The cost of Goods Manufactured is the total cost incurred for…

Using Excel To Prepare a Cost of Goods Manufactured Schedule and a Partial Income Statement PROBLEM The following is available for Aikman Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue During the January 1, 2022 Year 2022 $ 21,000 13,500 27,000 $ a. Compute cost of goods manufactured. b. Prepare an income statement through gross profit. 150,000 220,000 180,000 910,000 December 31, 2022 $ 30,000 17,200 21,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or work area as indicated. Use the SUM function with cell references to add amounts as indicated. a. b. Aikman Company Income Statement (Partial) For the Year Ended December 31, 2022

Using Excel To Prepare a Cost of Goods Manufactured Schedule and a Partial Income Statement PROBLEM The following is available for Aikman Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue During the January 1, 2022 Year 2022 $ 21,000 13,500 27,000 $ a. Compute cost of goods manufactured. b. Prepare an income statement through gross profit. 150,000 220,000 180,000 910,000 December 31, 2022 $ 30,000 17,200 21,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or work area as indicated. Use the SUM function with cell references to add amounts as indicated. a. b. Aikman Company Income Statement (Partial) For the Year Ended December 31, 2022

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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Solve this early but not in excel. Handwriting or typed answer only
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