ABC Company reports the following information: Sales $160,000 General and Administrative Expenses 9,000 Beginning Raw...
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Accounting
ABC Company reports the following information: Sales $160,000 General and Administrative Expenses 9,000 Beginning Raw Materials Inventory 6,000 Ending Raw Materials Inventory 5,000 Beginning Work-in-Process Inventory 3,000 Ending work-in-Process Inventory 2,000 Beginning Finished Goods Inventory 4,000 Ending Finished Goods Inventory 6,000 Direct Labor 29,000 Material Purchases 92,000 Mfg. Overhead (insurance % taxes) 20,000 Required: Using Excel, and following the textbook format (Figure 1.7), prepare and submit:
ABCs Cost of Goods Manufactured Statement.
ABCs Cost of Goods Sold Statement.
ABCs Income Statement for ABC Co.
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