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Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods 783 manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Yakima Materials inventory, May 1 Company $ 100,000 Company $ 48,200 Materials inventory, May 31 Materials purchased Cost of direct materials used in production (a) 50,000 950,000 710,000 Direct labor 938,500 (a) 2,860,000 (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 1,800,000 (b) 5,998,500 446,000 2,484,200 2,660,600 Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 400,000 176,400 382,000 (c) (c) 2,491,500 615,000 596,500 190,000 (d) 9,220,000 4,550,000 Sales (d) 2,470,000 Cost of goods sold Gross profit (e) (e) (f) 1,000,000 (f) Operating expenses 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K

Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods 783 manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Yakima Materials inventory, May 1 Company $ 100,000 Company $ 48,200 Materials inventory, May 31 Materials purchased Cost of direct materials used in production (a) 50,000 950,000 710,000 Direct labor 938,500 (a) 2,860,000 (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 1,800,000 (b) 5,998,500 446,000 2,484,200 2,660,600 Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 400,000 176,400 382,000 (c) (c) 2,491,500 615,000 596,500 190,000 (d) 9,220,000 4,550,000 Sales (d) 2,470,000 Cost of goods sold Gross profit (e) (e) (f) 1,000,000 (f) Operating expenses 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K

Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter2: Enterprise System
Section: Chapter Questions
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Can you please resubmit the ex PR 15-4A because I didn't receive any answers for them and I will resend you the exercise Thank you!
BUSINESS • ACCOUNTING Only ex PR 15-4A please and thank you ? Expert Answer Stepl a) II
Transcribed Image Text:BUSINESS • ACCOUNTING Only ex PR 15-4A please and thank you ? Expert Answer Stepl a) II
Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods manufactured 783 V1. b. Yakima Company, $1,330,000 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Yakima Company $ 100,000 Company $ 48,200 EXCEL TEMPLATE (a) 50,000 950,000 938,500 710,000 Direct labor (a) (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 2,860,000 1,800,000 446,000 (b) 2,484,200 Work in process inventory, May 1 5,998,500 2,660,600 400,000 176,400 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 382,000 (c) (c) 2,491,500 615,000 190,000 ndicate sh 596,500 (d) ead cs the folo Sales 9,220,000 4,550,000 Cost of goods sold (d) 2,470,000 Gross profit (e) (e) 1,000,000 (f) Operating expenses (f) 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K Apsor Obj. 3 af goods manufactured and income
Transcribed Image Text:Chapter 15 Introduction to Managerial Accounting PR 15-4A Manufacturing income statement, statement of cost of goods manufactured 783 V1. b. Yakima Company, $1,330,000 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Obj. 3 Rainier Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Yakima Company $ 100,000 Company $ 48,200 EXCEL TEMPLATE (a) 50,000 950,000 938,500 710,000 Direct labor (a) (b) Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 2,860,000 1,800,000 446,000 (b) 2,484,200 Work in process inventory, May 1 5,998,500 2,660,600 400,000 176,400 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 382,000 (c) (c) 2,491,500 615,000 190,000 ndicate sh 596,500 (d) ead cs the folo Sales 9,220,000 4,550,000 Cost of goods sold (d) 2,470,000 Gross profit (e) (e) 1,000,000 (f) Operating expenses (f) 1,500,000 Net income 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. Instructions 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. K Apsor Obj. 3 af goods manufactured and income
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