question statement of cost of goods manufactured and income statement fora manufactu 4276642
Question
Statement of Cost of Goods Manufactured and Income Statement fora Manufacturing Company
The following information is available for Deutsch Corporationfor 2014:
|
Inventories |
January1 |
December31 |
||
|
Materials |
$233,450 |
|
$284,810 |
|
|
Work in process |
420,210 |
|
387,340 |
|
|
Finished goods |
403,870 |
|
395,890 |
|
|
Advertising expense |
$193,390 |
|
Depreciation expense-officeequipment |
27,340 |
|
Depreciation expense-factoryequipment |
36,740 |
|
Direct labor |
438,610 |
|
Heat, light, and power-factory |
14,530 |
|
Indirect labor |
51,270 |
|
Materials purchased |
430,060 |
|
Office salaries expense |
150,090 |
|
Property taxes-factory |
11,960 |
|
Property taxes-office building |
24,780 |
|
Rent expense-factory |
20,220 |
|
Sales |
2,013,610 |
|
Sales salaries expense |
247,220 |
|
Supplies-factory |
9,970 |
|
Miscellaneous costs-factory |
6,270 |
1. Prepare the 2014 statement of cost of goodsmanufactured.
2. Prepare the 2014 income statement.