The following information was available
for Hamilton Industries for the year 20XX:
Module 10 Assignment
The following information was available
for Hamilton Industries for the year 20XX:
|
Inventories
|
01-Jan
|
31-Dec
|
|
Materials
|
$85,000
|
$105,000
|
|
Work in process
|
120,000
|
105,000
|
|
Finished goods
|
125,000
|
110,000
|
Advertising expense $75,000
Depreciation expense-office equipment 25,000
Depreciation expense-factory equipment 16,000
Direct Labor 205,000
Heat, light, and power-factory 6,500
Indirect labor 26,000
Materials purchased 135,000
Office salaries expense 85,000
Property taxes-factory 4,500
Property taxes-headquarters 15,000
Rent expense-factory 7,500
Sales 950,000
Sales salaries expense 150,000
Supplies-factory 3,500
Miscellaneous cost-factory 4,500
Requirements:
1. Prepare
the 20XX statement of cost of goods manufactured.
2. Prepare
the 20XX income statement.
TUTORIAL PREVIEW
Prepare the 20XX statement of cost of
goods manufactured.
|
Hamilton Industries
|
|||
|
Statement of Cost of Goods Manufactured
|
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For the Year ended December 31, 20XX
|
|||
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Work in process inventory, January 1,
20XX
|
|
|
$120,000
|
|
Direct materials:
|
|
|
|
|
Materials inventory, January 1, 20XX
|
$85,000
|
|
|
|
Purchases
|
135,000
|
|
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file name: Hamilton Industries module10.xls File type: .xls PRICE: $12
