Question No. 4 (25 minutes) The following information applies to the General Lawnmower...
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Question No. 4 (25 minutes) The following information applies to the General Lawnmower Company for the year ended December 31, 2019. Factory Rent $ Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Direct Materials Purchases Direct Labor--Wages Indirect Labor--Wages Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Indirect Materials Plant Utilities General and Administrative Work-in-Process Inventory, Beginnin Work-in-Process Inventory, Ending Marketing Expenses Sales Revenue 80,000 50,000 45,000 325,000 550.000 25,000 50,000 75,000 50,000 25,000 130,000 50,000 55,000 180,000 1,825,000 a)Prepare a statement of cost of goods manufactured in proper format for the year ended December 31, 2019. b)Prepare an income statement in proper format for the year ended December 31, 2019
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