Please do not give solution in image format thanku The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022:Raw Materials Inventory (1/1/22)Raw Materials Inventory (12/31/22)Finished Goods Inventory (1/1/22)Finished Goods Inventory (12/31/22)Work in Process Inventory (1/1/22)Work in Process Inventory (12/31/22)Direct LabourIndirect LabourAccounts ReceivableFactory Insurance$47.300 Factory Machinery Depreciation44,450Factory Utilities85,950Office Utilities77,80010.050-7.450145,40018,15027.1007,560SalesSales DiscountsPlant Manager's SalaryFactory Property TaxesFactory RepairsRaw Materials PurchasesCash$7,90012,9408,760465,3202.30040,4007,26080062.85028,050 SalesWILDHORSEMANUFACTURING COMPANY(Partial) Income StatementSales DiscountsWork in Process Inventary (1/1)Direct MaterialsDisc Materials UsedDirect Labour$Manufacturing OveralVTal Raw Materials Avaluable for the VIndeed Labour✓VUnse V Raw Materials tory (12/31)VCost of Goods Manufactured ScheduleFor the Year Ended December 31, 2022VV47300110150444501815075407900129404040072608001005065.700OLUTO#00007430QLAccQuAccQuAccQuAccQuAccQuAcoQuAcoVieAcc

The cost of goods manufactured includes the total cost of goods that are finished during the period.…

The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47,300 Factory Machinery Depreciation 44,450 Factory Utilities Office Utilities 77,800 Sales 10,050 Sales Discounts 85,950 7450 145,400 18,150 27.100 7,560 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28.050

The following data were taken from the records of Wildhorse Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) Finished Goods Inventory (1/1/22) Finished Goods Inventory (12/31/22) Work in Process Inventory (1/1/22) Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance $47,300 Factory Machinery Depreciation 44,450 Factory Utilities Office Utilities 77,800 Sales 10,050 Sales Discounts 85,950 7450 145,400 18,150 27.100 7,560 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,900 12,940 8,760 465,320 2.300 40,400 7,260 800 62.850 28.050

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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