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Submitted by Shane Khem on Sat, 2013-08-10 21:46
due on Sun, 2013-08-11 22:00
answered 3 time(s)
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Please just do it as the instruction demand thank you

Submitted by accountguru on Sat, 2013-08-10 23:09
teacher rated 512 times
price: $22.50

Joy and Peace Manufacturing Company_Cost of goods manufactured

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Joy xxx xxxxx Manufacturing Company
Cost of xxxxx xxxxxxxxxxxxx schedule
xxx the year xxxxx xxxxxxxx xxx xxxx
xxxxxx Material
Inventory xxxx 01$42,000
Add: Purchases xxxxxxxx
Total xxxxxxxx available xxxxxxxx
Less: material xxxxxxxxx - xxxx xx$39,000
xxxxxxxx xxxxxxxx$180,000
xxxxx xxxxxxxx Material $22,000
Direct xxxxxxxx xxxxxxxx $158,000
xxxxxx Laborxxxxxxxx
xxxxxxxxxxxxx xxxxxxxx
xxxxxxxxxxxx xxxxxxx x Factoryxxxxxxx
Plant Maintenance expense $35,000
Factory xxxxxxxx xxxxxxx xxxxxxx
Manufacturing design xxxxxxx xxxxxx
xxxxxxxx xxxxxxxx$22,000
xxxxx property tax xxxxxxx $8,000
xxxxxxxx Labor$48,000
xxxxxxxxxxxx waste expense $15,000
Security xxxxxxx x plantxxxxxxx
Other xxxxxxxxxxxxx xxxxxxxx$13,000
xxxxx warehouse xxxxxxx xxxxxx
Research xxxxxxx - xxxxx$15,000
Factory Quality xxxxxxx Expensesxxxxxxx
Total Manufacturing xxxxxxxx $255,000
Manufacturing xxxx incurred during the xxxxxx$523,000
Work in process xxxx x $9,000
xxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx
xxxxxxxxx in xxxxxxx x inventory x xxxx 31xxxxxx
Cost of xxxxx xxxxxxxxxxxx xxxxxxxx
xxxxxxxx Goods xxxxxxx
Finished Goods x Invenoty - xxxx xx$27,000
Add: xxxx xx goods xxxxxxxxxxxx$525,000
Total xxxxx available for xxxxxxxxxxxx
less: xxxxxx inventory - xxxx xxxxxxxxx
xxxx of xxxxx xxxxxxxxxxxx
xxx xxx xxxxx xxxxxxxxxxxxx xxxxxxx
Income xxxxxxxxx
xxx the xxxx xxxxx December 31, xxxx
Less: Sales discountxxxxxxx
Sales return & Allowances xxxxxx
Net Sales$979,000
xxxxx xxxx xx Goods xxxx $523,000
xxxxx Profit$456,000
Less: xxxxxxxxxxxxxx Expenses
Administrative xxxxxxxx xxxxxxx$119,000
xxxxxxxxxx and xxxxxxxx xxxxxxx xxxxxxx
Legal expense xxxxxx
xxxxxxxxxxxx Expense $16,000
Utilities Expense $5,000
xxxxxxxxxx Expenses $21,000
xxxxx Administrative Expense$220,000
xxxxx Selling

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