Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: Materials inventory, December 11 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold On off Company Company $88,210 $118,200 (a) 133,570 224,050 236,400 332,550 265,950 103,210 132,380 (b) 764,750 841,520 284,860 (c) 841,520 169,360 142,900 (a) (b) (c) 149,070 156,130 1,300,220 1,182,000 (d) 764,750 757,660 132,380 (d)

Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: Materials inventory, December 11 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold On off Company Company $88,210 $118,200 (a) 133,570 224,050 236,400 332,550 265,950 103,210 132,380 (b) 764,750 841,520 284,860 (c) 841,520 169,360 142,900 (a) (b) (c) 149,070 156,130 1,300,220 1,182,000 (d) 764,750 757,660 132,380 (d)

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 4PA: Manufacturing income statement, statement of cost of goods manufactured Several items are omitted...

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