80.2K

Verified Solution

Link Copied!

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2018. Direct materials: $2,800 Factory overhead: $490 Direct labor: $800 Beginning work in process: none (December 31, 2017) Ending work in process: $550 (January 31, 2018) Beginning finished goods inventory: none (December 31, 2017) Ending finished goods inventory: $370 (January 31, 2018) 3. Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2018 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2018 BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2018 Cost of goods sold Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month er 2018. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31,2018 Cost of goods sold Goods available for sale Cost of goods sold Required 2

Answer & Explanation Solved by verified expert

See Answer