JAMUARY 1 DECEMBER 31 $44 200 29.800 88.000 Inventories Finished goods Work in process Materiais $66.000 38.800 64 .000 $ 366.000 8.000 468,400 Materials purchased Sales discount Factory overhead (excluding depreciation) Marketing and administrative expenses (excluding deprecia- tion) 344,200 Depreciation (90% manutactuning, 10% marketing and adminis- trative expenses). Sales Direct labor Freight on materials purchased Rentalinčome. Interest on bonds payable 116,000 1,844,000 523.600 6.600 64,000 16,000 st of goods sold statement (CGAA a

JAMUARY 1 DECEMBER 31 $44 200 29.800 88.000 Inventories Finished goods Work in process Materiais $66.000 38.800 64 .000 $ 366.000 8.000 468,400 Materials purchased Sales discount Factory overhead (excluding depreciation) Marketing and administrative expenses (excluding deprecia- tion) 344,200 Depreciation (90% manutactuning, 10% marketing and adminis- trative expenses). Sales Direct labor Freight on materials purchased Rentalinčome. Interest on bonds payable 116,000 1,844,000 523.600 6.600 64,000 16,000 st of goods sold statement (CGAA a

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

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3RE: Given the following information, convert Cardinal Companys cost of goods sold from its income...

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