Part 1: Use the information in Part 1 for Juicy Lemonade Company to complete a Cost of Goods Manufactured Statement and a Cost of Goods Sold Statement for the year ended 2015. All reports should be prepared in Excel with good form.
The following cost and inventory data were taken from the records of the Juicy Lemonade Company for the year 2015:
Part 2: Use only the information in Part 2 to prepare a Contribution Margin Income Statement and a Gross Margin Income Statement for the month of July 2015. Assume the company produced and sold 5,000 units and there were no units in inventory on July 1, 2015. All reports should be prepared in Excel with good form.
The cost accountant for the Juicy Lemonade Manufacturing Company has provided you with the following information for the month of July:
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