Chapter 12, Problem 14PSB

a. b. & c.

To determine

Record the preceding events in a horizontal statements model; reconcile all subsidiary accounts with their respective control accounts and also record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant.

d.

To determine

Prepare a schedule of cost of goods manufactured and sold, an income statement, and a balance sheet for 2015.