3. Below is information pertaining to The Lime Green Wasp Corporation for the current year. On a separate sheet of paper, prepare the Income Statement and The Statement of Cost of Goods Manufactured for the current year. Inventories 01/01/X1 12/31/X1 Materials 165,000 210,000 Work in Process 306,000 290,000 Finished Goods 298,000 284,000 Advertising Expense Depreciation Exp - office equipment Depreciation Exp - factory equipment 148,000 21,000 20,900 Direct Labor 360,000 Heat, lighting, & power - factory 8,400 Indirect labor 29,100 Materials purchased Office salaries expense 325,000 115,000 Property taxes - factory Property taxes - office building Rent expense - factory 6,800 18,000 11,500 Sales 1,530,000 Sales salaries expense 188,000 Supplies - factory Miscellaneous cost - factory 5,700 3,600

3. Below is information pertaining to The Lime Green Wasp Corporation for the current year. On a separate sheet of paper, prepare the Income Statement and The Statement of Cost of Goods Manufactured for the current year. Inventories 01/01/X1 12/31/X1 Materials 165,000 210,000 Work in Process 306,000 290,000 Finished Goods 298,000 284,000 Advertising Expense Depreciation Exp - office equipment Depreciation Exp - factory equipment 148,000 21,000 20,900 Direct Labor 360,000 Heat, lighting, & power - factory 8,400 Indirect labor 29,100 Materials purchased Office salaries expense 325,000 115,000 Property taxes - factory Property taxes - office building Rent expense - factory 6,800 18,000 11,500 Sales 1,530,000 Sales salaries expense 188,000 Supplies - factory Miscellaneous cost - factory 5,700 3,600

Name: 3. Below is information pertaining to The Lime Green Wasp Corporation
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Description: 3. Below is information pertaining to The Lime Green Wasp Corporation for the current year.On a separate sheet of paper, prepare the Income Statement and The Statement of Cost ofGoods Manufactured for the current year.Inventories01/01/X112/31/X1Mate

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5PB: Statement of cost of goods manufactured and income statement for a manufacturing company The...

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