Compute cost of goods manufactured and operating income (2-28) The following are the account balances relating to 2019 (in thousands) Property tax on plant building Marketing, distribution and customer service costs Finished goods inventory, January 1, 2019 Plat utilities Work in process inventory, December 31, 2019 Deprection on Plant building General and administrative cost( non- plant) Direct material used Finished goods inventory, December 31, 2019 Deprection on Plant equipment Plant repairs and maintainance Work in process inventory, Januray 1. 2019 Direct manufacturing labour Indirect manufacturing labour $4,500 50.000 39,000 23,400 32,000 10,000 30,000 108.200 32.800 13,200 23.200 22.000 32.000 22.100

Compute cost of goods manufactured and operating income (2-28) The following are the account balances relating to 2019 (in thousands) Property tax on plant building Marketing, distribution and customer service costs Finished goods inventory, January 1, 2019 Plat utilities Work in process inventory, December 31, 2019 Deprection on Plant building General and administrative cost( non- plant) Direct material used Finished goods inventory, December 31, 2019 Deprection on Plant equipment Plant repairs and maintainance Work in process inventory, Januray 1. 2019 Direct manufacturing labour Indirect manufacturing labour $4,500 50.000 39,000 23,400 32,000 10,000 30,000 108.200 32.800 13,200 23.200 22.000 32.000 22.100

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Description: Compute cost of goods manufactured and operating income (2-28)The following are the account balances relating to 2019 (in thousands)Property tax on plant buildingMarketing, distribution and customer service costsFinished goods inventory, January 1,

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 8E: Cost of Goods Sold, Income Statement. and Statement of Comprehensive Income Gaskin Company derives...

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