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    RomaFerrari's Avatar
    RomaFerrari Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Jul 22, 2012, 06:53 PM
    Question concerning accounting
    Inventories Jan 2008 Dec 2008
    Raw materials 8000 7000
    Work in process 15000 13000
    Finished Goods 16000 10000

    Costs Incurred
    Raw Materials purchased 93000
    Direct Labor 42000
    Factory rent 8000
    Factory utilities 7000
    Indirect materials 4000
    Indirect labor 6000
    Selling expense 5000
    Administrative expense 12000

    Show Steps + calculations
    A. Prepare a cost of materials used schedule showing the amount of direct raw materials used in production during the year

    B. Compute the amount of manufacturing overhead incurred during the year

    C. Prepare a schedule of Cost of Goods manufactured for the year ended December 2008 in good form

    D. Prepare the Cost of Goods sold section of the income statement for the year end 2008 in good form.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Jul 22, 2012, 07:26 PM
    And the question is? We won't do your work for you. Go to the homework help board
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