Incomplete manufactures costs, expenses, and selling data for two different cases are as follows
Instructions
- Indicate the missing amount for each letter..
- Prepare a condensed cost fo goods manufactured schedule for Case 1.
- Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in case the other items in the current assets section are as follows Cash $3,000, Receivables (net) $15,000, Raw materials $600,and Prepare Expenses $400.
Solution
a.
Calculation of the missing amounts
b.
Case 1
Cost of goods manufactured schedule
Cost of goods manufactured schedule
c.
Case 1
Income Statement (Partial)
Income Statement (Partial)
Case 1
Balance sheet (Partial)
Balance sheet (Partial)
