An asterisk (*) will appear to the right of an incorrect entry.
a.
Revenues
Gross profit
Income from operations
b.
Materials inventory:
Purchased materials
Less: Materials used in production
Materials inventory
Work in process inventory:
Materials used in production
Direct labor
Factory overhead
Additions to work in process
Less: Transferred to finished goods
Work in process inventory, April 30
Finished goods inventory:
Transferred to finished goods
Less: Cost of goods sold
Finished goods inventory, April 30
Instructions
KIRCHHOFF INC.
Income Statement
For the Month Ended April 30, 2014
Exercise 17(2)-14
Name:
Section:
0%
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[Key code here]
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
a.
Revenues 1,125,000$
b.
Materials inventory:
Exercise 17(2)-14
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 Month Ended April 30, 2014
KIRCHHOFF INC.
Income Statement