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Question
Submitted by Shane Khem on Sat, 2013-08-10 18:46
due on Sun, 2013-08-11 19:00
answered 3 time(s)
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Please just do it as the instruction demand thank you

Answer
Submitted by excellentassi... on Sat, 2013-08-10 19:57
teacher rated 367 times
4.80109
price: $40.00

accounting

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here you go, xxxx xxxxxxSmile

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MANAGERIAL xxxxxxxxxxxxxxx HOME xxxx

THE FINANCIAL STATEMENTS ARE TO BE xxxxxx THE xxxx xx xxx xx THE START OF xxxxxx xxxxx xxx xxxxx COPIES xx xxxxx

(SHOW xxx WORK!!!!!) Properly label all totals, xxxxxxxxxx and financial xxxxxxxxxx

xxx the xxxxxxxxx xxxxxxxxxxx xx prepare the xxxxxxxx xxxxxxxxx statements xx xxxxxxxxxx below:

Administrative xxxxxxxx xxxxxxx $ xxxxxxx xx

Advertising expense xxxxxxxxx xx

Direct xxxxx xx xxxxxxx

Depreciation xxxxxxxx factory xxxxxxxx

Finished goods inventory,1/1 27,000

Accounting xxx auditing xxxxxxxxxxxxxxxx

xxxxxx xxxxxxxx inventory,1/1 42,000

xxxxx maintenance expense 35,000

xxxx in xxxxxxx inventory,1/1 x 9,000

xxxxx xxxxxxxxxxxxxxxxxxxxx

xxxxxxx xxxxxxxx xxxxxxxxxxxxxxxxxx

Direct material xxxxxxxxxxx xxxxxxxx

Manufacturing xxxxxx xxxxxxxxxxx 3,000

xxxxx expense xxxxxx

Gross sales 998,000

xxxxxxxx xxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxx xxxxxxxxxxxxxxxxxxx

Plant xxxxxxxx xxx xxxxxxxxxxx xxxxxx

xxxxxx material inventory,12/31 39,000

xxxxxxxx labor 48,000

xxxxxxxxxxxxx xxxxx expense 15,000

xxxx in process xxxxxxxxxx xxxxx xxxxxx

xxxxxxx xxx warehouse xxxxxxxxxxxxxxxxxx

Finished xxxxx inventory, xxxxxxxxxxxxxxxx

Freight xxxxxxxxxxxxxxxx

xxxxxxxx xxxxxxxx xxxxxxxxxxxxxxxxx

Sales xxxxxxx and xxxxxxxxxxxxxx xxxxxx

xxxxx manufacturing xxxxxxxxxxxxxxxxxxx

xxxxxxxxx expense xxxxxx

Plant xxxxxxxxx expense 8,000

Insurance xxxxxxxx selling 7,000

xxxxxxxx xxxxxxxx Plant 15,000

xxxxxxxxxx expense 21,000

Factory quality xxxxxxx expense 13,000

Store rental xxxxxxxxxxxxxxxxxx

Instructions: Prepare xxx cost of xxxxx manufacturing xxxxxxxx and a xxxxxxxx xxxxxx statement xxx xxx xxx xxxxx Manufacturing Company

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Answer
Submitted by accountguru on Sat, 2013-08-10 20:09
teacher rated 388 times
4.78608
price: $22.50

Joy and Peace Manufacturing Company_Cost of goods manufactured

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Sheet1

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxx xxx Peace xxxxxxxxxxxxx Company
xxxx xx goods manufacturing xxxxxxxx
xxx the xxxx ended xxxxxxxx 31, 2013
Direct xxxxxxxx
Inventory xxxx 01 $42,000
xxxx xxxxxxxxx$177,000
Total xxxxxxxx xxxxxxxxx $219,000
Less: xxxxxxxx xxxxxxxxx x Dec. xx xxxxxxx
Material Consumed xxxxxxxx
Less: Indirect Materialxxxxxxx
xxxxxx Material consumed$158,000
xxxxxx Labor$110,000
xxxxxxxxxxxxx xxxxxxxx
xxxxxxxxxxxx expense x Factory $18,000
Plant xxxxxxxxxxx expense xxxxxxx
xxxxxxx xxxxxxxx xxxxxxx $30,000
Manufacturing design xxxxxxxxxxxxx
Indirect xxxxxxxx $22,000
Plant property tax xxxxxxx $8,000
xxxxxxxx Laborxxxxxxx
Manufaturing xxxxx xxxxxxx $15,000
Security xxxxxxx - plant xxxxxxx
Other xxxxxxxxxxxxx overhead $13,000
Plant warehouse expense$8,000
xxxxxxxx xxxxxxx - xxxxx$15,000
xxxxxxx Quality Control xxxxxxxx $13,000
Total xxxxxxxxxxxxx xxxxxxxxxxxxxxxx
xxxxxxxxxxxxx cost xxxxxxxx xxxxxx the xxxxxx $523,000
Work in xxxxxxx Jan. x $9,000
Total xxxxxxxxxxxxx Costsxxxxxxxx
xxxxxxxxx in xxxxxxx x xxxxxxxxx x xxxx xx xxxxxx
Cost xx goods manufactured$525,000
Finished xxxxx Account
Finished Goods x xxxxxxxx x xxxx 01 $27,000
xxxx Cost xx xxxxx xxxxxxxxxxxx $525,000
xxxxx xxxxx xxxxxxxxx for xxxx$552,000
xxxxx Ending xxxxxxxxx x xxxx 31 $29,000
xxxx of goods sold$523,000
xxx xxx xxxxx Manufacturing Company
xxxxxx xxxxxxxxx
For the year ended December 31, 2013
Sales$998,000
xxxxx Sales discountxxxxxxx

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