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Prepare an income statement and the current assets section of the balance sheet for Case...

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Accounting

Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $ 4,277 , Receivables (net) $ 15,211 , Raw Materials $ 659 , and Prepaid Expenses $ 433

a) compute total units to be accounted for

b) total equivalent units of production: MATERIALS & CONVERSION COST

c) cost reconciliation schedule

Transferred out

materials

conversion cost

total cost

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