Hi all
I'm taking cast accounting this course
And I have homework

But I can't solve it
Would you help me

--
2-31 Cost of good manufactured. Consider the following account balances ( in thousands ) for the Mandelo Company.

Mandelo Company


Direct materials inventory
Work-in-process inventory
Finished goods inventory
Purchases of direct materials
Direct manufacturing labor
indirect manufactring labor
Plant insurance
Depreciation -- plant, building, and equipment
Repairs and maintenance -- plant
Marketing, distribution, and customer- service cost
General and administrative cost


Beginning of
2009

$25,000
$24,000
$21,000


End of
2009

$29,000
$23,000
$26,000
$78,000
$28,000
$18,000
$11,000
$14,000
$6,000
$96,000
$31,000



1- Prepare a scheduale for the cost of goods manufactured for 2009.
2- Revenues for 2009 were $305 million. Prepare the income statement for 2009
That's it
Help me :(

Hi all
I'm taking cast accounting this course
And I have homework

But I can't solve it
Would you help me

--
2-31 Cost of good manufactured. Consider the following account balances ( in thousands ) for the Mandelo Company.

Mandelo Company


Direct materials inventory
Work-in-process inventory
Finished goods inventory
Purchases of direct materials
Direct manufacturing labor
indirect manufactring labor
Plant insurance
Depreciation -- plant, building, and equipment
Repairs and maintenance -- plant
Marketing, distribution, and customer- service cost
General and administrative cost


Beginning of
2009

$25,000
$24,000
$21,000


End of
2009

$29,000
$23,000
$26,000
$78,000
$28,000
$18,000
$11,000
$14,000
$6,000
$96,000
$31,000



1- Prepare a scheduale for the cost of goods manufactured for 2009.
2- Revenues for 2009 were $305 million. Prepare the income statement for 2009
That's it
Help me

I don't want you to solve it
I need you to give some hint

Please do not double post. That's just confusing and wastes more time. (Time we could be using to help people instead of chasing your threads down.) I've merged them back into one thread.

That's quite a lot there. The only real "hint" I could give is set up t accounts for your 3 inventory accounts and overhead, and insert the beginning and ending balances given. Then insert any other numbers given that would go into or go out of those accounts. You can then find missing numbers from there. And if your book wants you to prepare a schedule, it should include an example in the text somewhere.

You must understand the flow of the accounts in order to do this, and I find that most of the time that is exactly what people do not understand. And that isn't really a "hint" - it's a lot of material. Your textbook should have that flow of accounts. There is an online textbook with a chapter on this. It's more than you need for this problem, but wouldn't hurt to read it all:
Principles of Accounting Chapter 19 (http://www.principlesofaccounting.com/chapter%2019.htm)