Chapter 18, Problem P18.28APGA

To determine

Cost of Goods Manufactured: The sum of all the costs incurred during a production cycle of company is called cost of goods manufactured. It is presented in the income statement.

Income Statement: A part of financial statements that lists the income and expenses of business for an accounting year is called income statement. It is prepared at the end of accounting period to know the profitability of a business.

1.

To prepare: The schedule of cost of goods manufactured for G Company.

To determine

2.

To prepare: The income statement for G Company.

To determine

3.

To differentiate: The income statement of G Company from that of a merchandising company.

To determine

4.

To compute: The G Company’s unit product cost.