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Module One ACC
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Financial statements of a manufacturing firm
The following events took place for Sorensen Manufacturing Company during January,
a Purchased $ of materials.
b Used $ of direct materials in production.
c Incurred $ of direct labor wages.
d Incurred $ of factory overhead.
e Transferred $ of work in process to finished goods.
f Sold goods for $
g Sold goods with a cost of $
h Incurred $ of selling expense.
i Incurred $ of administrative expense.
This information has been collected in the Microsoft Excel Online file. Open the spreadsh
Open spreadsheet
Using the information given, complete the following:
a Prepare the January income statement for Sorensen Manufacturing Company.
Sorensen Manufacturing Company
Income Statement
For the Month Ended January
Revenues
Cost of goods sold
signment Score:
