Accounting Problem. Can someone please answer this question?

Answers:3   |   LastUpdateAt:2017-11-27 17:07:44  

Question
Niecy
Asked at 2012-08-25 10:56:02
The following data were taken from the records of the Society of Manufacturing Clarkson for the fiscal year ended June 30, 2012. MedlinePlus MedlinePlus Raw materials inventory $ 56,630 07/01/11 Depreciation Machinery Factory MedlinePlus $ 16,760 Raw materials Factory Utilities 30,160 43,940 06/30/12 MedlinePlus Finished goods inventory 96,170 07/01/11 Utilities 8800 Office expenses MedlinePlus Finished goods inventory 558,470 96,760 6/30/12 Sales
Product Inventory in process 24 300 07/01/11 4810 Sales Discounts MedlinePlus Inventory in process 06/30/12 25.070 Plant Manager Salary 34,780 MedlinePlus Direct labor 158,480 Factory
9730 Property Taxes Indirect labor 25,790 Factory repairs MedlinePlus 2010 Accounts receivable 36,940 98,660 Purchases of raw materials
Factory Insurance 5140 Cash 34,970 MedlinePlus MedlinePlus MedlinePlus Complete cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.) (List multiple manufacturing overhead high to low amount. Ej 10,5,2). MedlinePlus MedlinePlus CLARKSON manufacturing company MedlinePlus The cost of manufactured products Times MedlinePlus MedlinePlus For the year ended June 30, 2012 MedlinePlus $ MedlinePlus Materials Direct MedlinePlus $ MedlinePlus MedlinePlus MedlinePlus MedlinePlus Total raw materials available for use MedlinePlus Less: MedlinePlus MedlinePlus MedlinePlus $ MedlinePlus Direct labor MedlinePlus MedlinePlus manufacturing overhead MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus Total Manufacturing MedlinePlus top MedlinePlus MedlinePlus Total manufacturing costs MedlinePlus MedlinePlus The total cost of work in process MedlinePlus Less: MedlinePlus MedlinePlus Cost of goods manufactured MedlinePlus MedlinePlus $ MedlinePlus MedlinePlus MedlinePlus MedlinePlus Complete the income statement through gross profit. MedlinePlus MedlinePlus CLARKSON manufacturing company MedlinePlus (Partial) Income Statement MedlinePlus MedlinePlus For the year ended June 30, 2012 MedlinePlus Sales Revenue MedlinePlus $ MedlinePlus Less: MedlinePlus MedlinePlus MedlinePlus Net sales $ MedlinePlus Cost of goods sold MedlinePlus MedlinePlus Cost of goods manufactured MedlinePlus MedlinePlus MedlinePlus Cost of goods available for sale MedlinePlus Less: MedlinePlus MedlinePlus MedlinePlus Cost of goods sold MedlinePlus MedlinePlus MedlinePlus gross profit MedlinePlus MedlinePlus MedlinePlus MedlinePlus Complete current assets section of the balance sheet at June 30, 2012. (List multiple entries high to low amount, for example, 10, 5, 1). MedlinePlus MedlinePlus CLARKSON manufacturing company MedlinePlus (Partial) Balance Sheet MedlinePlus MedlinePlus June 30, 2012 MedlinePlus Assets Current MedlinePlus $ MedlinePlus MedlinePlus Inventories MedlinePlus $ MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus MedlinePlus Total current assets MedlinePlus MedlinePlus $
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