2-33 Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Shaler Corporation: Beginning of End of Shaler Corporation 2014 2014 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials 130,000 68,000 144,000 204,000 166,000 246,000 256,000 Direct manufacturing labor 212,000 Indirect manufacturing labor 96,000 Indirect materials 28,000 Plant insurance 4,000 Depreciation-plant, building, and equipment 42,000 Plant utilities 24,000 Repairs and maintenance-plant 16,000 Equipment leasing costs Marketing, distribution, and customer-service costs 64,000 124,000 General and administrative costs 68,000 1. Prepare a schedule for the cost of goods manufactured for 2014. 2 Revenues (in thousands) for 2014 were $1,200,000. Prepare the income statement for 2014.
2-33 Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Shaler Corporation: Beginning of End of Shaler Corporation 2014 2014 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials 130,000 68,000 144,000 204,000 166,000 246,000 256,000 Direct manufacturing labor 212,000 Indirect manufacturing labor 96,000 Indirect materials 28,000 Plant insurance 4,000 Depreciation-plant, building, and equipment 42,000 Plant utilities 24,000 Repairs and maintenance-plant 16,000 Equipment leasing costs Marketing, distribution, and customer-service costs 64,000 124,000 General and administrative costs 68,000 1. Prepare a schedule for the cost of goods manufactured for 2014. 2 Revenues (in thousands) for 2014 were $1,200,000. Prepare the income statement for 2014.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5PA: Statement of cost of goods manufactured and income statement for a manufacturing company The...
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