An asterisk (*) will appear to the right of an incorrect entry.
1.
On
Company
Off
Company
Materials inventory, December 1 65,800$ 195,300$
Cost of direct materials used in production 317,800 (b)
Direct labor 387,800 577,220
Factory overhead 148,400 256,060
Total manufacturing costs incurred in December
(b) 1,519,000
Total manufacturing costs
973,000 1,727,320
Work in process inventory, December 1 119,000 208,320
Cost of goods manufactured
Finished goods inventory, December 1 224,000 269,080
Finished goods inventory, December 31 197,400 (d)
Sales
2.
Work in process inventory, December 1
Cost of direct materials used in production
Total manufacturing costs incurred during December
Total manufacturing costs
3.
Sales
Cost of goods sold:
[Key code here]
Score:
Key Code:
Problem 15(1)-4B
Name:
Section:
0%
On Company
Income Statement
For the Month Ended December 31
On Company
Statement of Cost of Goods Manufactured
For the Month Ended December 31
An asterisk (*) will appear to the right of an incorrect entry.
1.
On
Company
Off
Company
Direct labor 387,800 577,220
Factory overhead 148,400 256,060
Total manufacturing costs incurred in December
(b) 854,000 1,519,000
Total manufacturing costs
973,000 1,727,320
Work in process inventory, December 1 119,000 208,320
Work in process inventory, December 31 172,200 (c) 195,300
Cost of goods manufactured
(c) 800,800 1,532,020
Finished goods inventory, December 1 224,000 269,080
Finished goods inventory, December 31 197,400 (d) 256,060
Sales
Net income (f) 182,000 164,920
2.
Work in process inventory, December 1 119,000$
Purchases
Total manufacturing costs incurred during December
Total manufacturing costs
3.
Sales
1,127,000$
Net income 182,000$
On Company
Income Statement
For the Month Ended December 31
Instructions
Answers are entered in the cells with gray backgrounds.
ON
For the Month Ended December 31
On Company
Statement of Cost of Goods Manufactured
Cells with non-gray backgrounds are protected and cannot be edited.
Key Code:
Score:
Problem 15(1)-4B
Name:
Solution
Section: