P25-2A
yard shop
December 31, 2013
File name: P25-2A yard shop.xls File type: xls PRICE: $15
YARD SHOP
Selected InformationDecember 31, 2013
|
Plants
|
Chemicals
|
Tools
|
Allocated
indirect expenses
|
$9,600
|
$5,400
|
$5,000
|
Beginning
merchandise inventory
|
2,600
|
2,600
|
2,900
|
Direct
Expenses
|
30,000
|
17,500
|
15,500
|
Ending
merchandise inventory
|
2,500
|
2,400
|
2,000
|
Purchases
|
50,000
|
47,000
|
36,000
|
Purchases
returns and allowances
|
500
|
400
|
300
|
Sales
|
126,750
|
75,500
|
50,400
|
Sales
returns and allowances
|
1,750
|
500
|
400
|
TUTORIAL PREVIEW
YARD
SHOP
Income
Statement
Year
Ended December 31, 2013
|
||||
|
Plants
|
Chemicals
|
Tools
|
Total
|
Sales
|
126,750
|
75,500
|
50,400
|
252,650
|
Less
Sales Returns and Allowances
|
1,750
|
500
|
400
|
2,650
|
Net Sales
|
125,000
|
75,000
|
50,000
|
250,000
|