Question 1 The Alpha Manufacturing Co. present the following information for the year ended 31st December 2019 Sales: $ 252000 Commission: 2500 Sales Returns and Allowances: 2000 Advertising: 4000 Purchases of Raw Material: 96200 Depreciation of Sales Office: 2200 Carriage In: 300 Traveling Expense: 1800 Direct Labour: 40000 Bad Debts : 700 Purchases Return: 1200 Salaries: 2000 Indirect Material: 4300 Stationery Used: 1125 Indirect Labour : 4700 Rent of Office: 1500 Rent of Factory: 3500 Interest Received: 1110 Factory Taxes: 1150 Interest Paid: 275 Insurance of Factory Building: 1500 Depreciation of Plant and Machinery: 3425 Heat, Light and Power: 2225 INVENTORIES January 1 Dec. 31 Finished Goods …………………….. $ 17600 $15300 Work in Progress ……………………. 16100 13900 Materials ……………………………… 9000 15300 Required: Cost of goods sold Statement Income Statement.
Question 1
The Alpha Manufacturing Co. present the following information for the year ended 31st December 2019
Sales: $ 252000
Commission: 2500
Sales Returns and Allowances: 2000
Advertising: 4000
Purchases of Raw Material: 96200
Depreciation of Sales Office: 2200
Carriage In: 300
Traveling Expense: 1800
Direct Labour: 40000
Purchases Return: 1200
Salaries: 2000
Indirect Material: 4300
Stationery Used: 1125
Indirect Labour : 4700
Rent of Office: 1500
Rent of Factory: 3500
Interest Received: 1110
Factory Taxes: 1150
Interest Paid: 275
Insurance of Factory Building: 1500
Depreciation of Plant and Machinery: 3425
Heat, Light and Power: 2225
INVENTORIES
January 1 Dec. 31
Finished Goods …………………….. $ 17600 $15300
Work in Progress ……………………. 16100 13900
Materials ……………………………… 9000 15300
Required:
Cost of goods sold Statement
Income Statement.
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