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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
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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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 Referencing 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 January 1, 2022 $ 21,000 13,500 27,000 During the Year 2022 $ 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
Transcribed Image Text:Function: SUM; Formula: Subtract, Cell Referencing 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 January 1, 2022 $ 21,000 13,500 27,000 During the Year 2022 $ 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
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