An asterisk (*) will appear to the right of an incorrect entry.
1.
Work in process inventory, January 1, 2014
Direct materials:
Cost of direct materials used in production
Direct labor
Factory overhead:
Total factory overhead
Total manufacturing costs incurred during the year
Total manufacturing costs
Less:
Cost of goods manufactured
2.
Sales
Cost of goods sold:
Cost of finished goods available for sale
Cost of goods sold
Gross profit
Operating expenses:
Administrative expenses:
Selling expenses:
Total operating expenses
Net income
THE LUCILLE CORPORATION
Income Statement
Score:
Key Code:
For the Year Ended December 31, 2014
Instructions
Problem 16(1)-5A
Name:
Section:
0%
Cells with non-gray backgrounds are protected and cannot be edited.
THE LUCILLE CORPORATION
[Key code here]
Answers are entered in the cells with gray backgrounds.
Statement of Cost of Goods Manufactured
For the Year Ended December 31, 2014
An asterisk (*) will appear to the right of an incorrect entry.
1.
Work in process inventory, January 1, 2014 526,500$
Direct materials:
2.
Sales
2,574,000$
THE LUCILLE CORPORATION
Income Statement
For the Year Ended December 31, 2014
Problem 16(1)-5A
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
For the Year Ended December 31, 2014
THE LUCILLE CORPORATION
Statement of Cost of Goods Manufactured