Please do not give solution in image format thanku The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2025.Raw Materials Inventory 7/1/24Raw Materials Inventory 6/30/25Finished Goods Inventory 7/1/24Finished Goods Inventory 6/30/25Work in Process Inventory 7/1/24Work in Process Inventory 6/30/25Direct LaborIndirect Labor$53,00048,40097,40023,10028,00027,100143.15025,760Accounts ReceivableFactory InsuranceFactory Machinery DepreciationFactory UtilitiesOffice Utilities ExpenseSales RevenueSales DiscountsFactory Manager's SalaryFactory Property TaxesFactory RepairsRaw Materials PurchasesCash$32,700METI ACY COMPANY4,80018,60030,5008,750563,1005,00064,2009,6101,70097,00041,000Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)METLOCK COMPANYCost of Goods Manufactured Schedule 3Prepare an income statement through gross profit.PaeTextbook and MediaList of AccountsMETLOCK COMPANYIncome Statement (Partial)Prepare the current assets section of the balance sheet at June 30, 2025. (List Current Assets in order of liquidity)METLOCK COMPANYBalance Sheet (Partial)ASSETS

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Description: Please do not give solution in image format thanku The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2025.Raw Materials Inventory 7/1/24Raw Materials Inventory 6/30/25Finished Goods Inventory 7/1/24F

Cost of goods manufactured -Cost of Goods Manufactured is the total cost incurred for manufactured…

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The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 Raw Materials Inventory 6/30/25 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 Work in Process Inventory 7/1/24 Work in Process Inventory 6/30/25 Direct Labor Indirect Labor $53,000 6 48,400 97,400 23,100 28,000 27,100 143,150 25,760 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 11 $32,700 METI O CONDARIV 4,800 18,600 30,500 8,750 563,100 5,000 64,200 9,610 1,700 Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials) 97,000 41,000 Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.) METLOCK COMPANY Cost of Goods Manufactured Schedule

The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 Raw Materials Inventory 6/30/25 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 Work in Process Inventory 7/1/24 Work in Process Inventory 6/30/25 Direct Labor Indirect Labor $53,000 6 48,400 97,400 23,100 28,000 27,100 143,150 25,760 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 11 $32,700 METI O CONDARIV 4,800 18,600 30,500 8,750 563,100 5,000 64,200 9,610 1,700 Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials) 97,000 41,000 Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.) METLOCK COMPANY Cost of Goods Manufactured Schedule

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12PB: The following data summarize the operations during the year. Prepare a journal entry for each...

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