Arkansas Company provided the following information at the end of 2010:
rubyCpaMbaArkansas Company provided the following information at the end of 2010:
Beginning balance in Work-In-Progress $300,000
Ending balance in Work-In-Progress 350,000
Beginning balance in Finished Goods 400,000
Ending balance in Finished Goods 350,000
Direct materials costs 1,000,000
Direct labor costs 2,000,000
Manufacturing overhead 2,000,000
Selling expenses 300,000
General and administrative expenses 200,000
Sales 8,000,000
Prepare an income statement for fiscal year 2010.
- 10 years ago
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- arkansas_company__cost_acctg.xlsx