7. What is the factory cost per case if Pro-Leather manufactured 19,200 cases for tablets for the year? 8. How does the format of the income statement for a manufacturing concern differ from the income statement of a merchandising entity?
1. Calculate the raw material used by Pro-Leather Company.
2. Calculate the indirect materials used by Pro-Leather Company.
3. What is the total manufacturing overhead cost incurred by Pro-Leather Company during the period?
4. Determine the prime cost & conversion cost of the cases manufactured.
5. Prepare a schedule of cost of goods manufactured for the year ended December 31, 2020, clearly showing total manufacturing cost & total
6. Prepare an income statement for Pro-Leather Company for the year ended December 31, 2020. List the non-manufacturing
7. What is the factory cost per case if Pro-Leather manufactured 19,200 cases for tablets for the year?
8. How does the format of the income statement for a manufacturing concern differ from the income statement of a merchandising entity?
ANSWER QUESTION 7 AND 8.
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