Shades of the Caribbean design and manufacture sun-glasses for the tourism sector. The accounting records of the business reflect the following data at June 30, 2018: Inventory 1/7/2017 30/6/2018 Raw Materials $230,000 $260,000 Factory Supplies $35,000 $24,000 Work in Progress $358,000 $213,000 Finished Goods $975,400 $585,000 Other information: Sales Revenue Factory Supplies Purchased Direct Factory Labor Raw Materials Purchased Plant janitorial service Depreciation: Plant & Equipment Total Utilities ¹ Production Supervisor's Salary Hiring of Specialized Manufacturing Equipment Insurance on Plant & Equipment Delivery Vehicle Drivers' Wages Depreciation: Delivery Vehicle Property Taxes 2 Administrative Wages & Salaries Advertising Expenses $5,675,000 64,000 792,000 560,000 37,000 186,000 481,250 450,000 68,000 112,000 189,000 53,850 240,000 850,750 1% of Sales Revenue Of the total utilities, 80% relates to manufacturing and 20% relates to general and administrative costs. 2 The property taxes should be shared: 75% manufacturing & 25% general & administrative costs

Selected financial information for Brookeville Manufacturing is presented in the following table omitted). Sales revenue Purchases of direct materials Direct labo Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory What was the operating income? $2,390 $4,800 $3,010 $4,150 $4,800 $480 $500 $710 $650 $220 $180 $400 $430 $300 $240

The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: 1. Prepare a schedule of cost of goods manufactured. PRECIOUS PRODUCTION $ 388,500 47,600 77,500 215,500 21,900 253,300 127,600 295,200 2,256,000 117,500 4,190 337,100 273,300 28,950 123,800 42,850 171,400

. Iron Sheets Company had the following information for the month of June 2021. Sales Purchases Sales and administrative expenses V Factory overhead V Direct labor Shs. 257,000 92.000 79,000 37,000 25.000 Work in process, June 1 22,000 Work in process, June 30 Raw Material inventory, June 1 Raw Material inventory, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 18.500 6.000 8,000 21,000 25,000 Prepare the following: A manufacturing account  An income statement for the month ended June 30, 2021  The inventory section of the statement of financial statement.

! Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. $ 2,850,000 118,000 153,000 199,000 543,000 652,000 98,000 78,000 156,000 250,000 400,000 142,000 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,472,000. Sales Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured DELRAY MANUFACTURING Income Statement For Year Ended December 31 Goods available for sale Less: Finished goods…

The following data relates to the Atlanta Co.: Direct Materials Inventory, Beginning $650 Direct Materials Inventory, Ending $600 Direct Materials Purchases $4,500 Direct Labor $2,300 Factory Overhead $3,200 Work-in-Process Inventory, Beginning $1,350 Work-in-Process Inventory, Ending $1,440 Finished Goods Inventory, Beginning $2,400 Finished Goods Inventory, Ending $2,350 Sales Revenue $14,500 Selling and Administrative Expenses $2,800 Income Tax Rate 35% Required: a. Prepare a Statement of Cost of Goods Manufactured. b. Prepare an Income Statement

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Gore Company makes products for sporting events. The following data are for the year ended December 31, 2014: Materials inventory, January 1, 2014 $45,000Materials inventory, December 31, 2014 65,000Materials purchases 175,000Direct labor 225,000Work in process inventory, January 1, 2014 30,000Work in process inventory, December 31, 2014 40,000Manufacturing overhead 130,000Finished goods inventory, January 1, 2014 80,000Finished goods inventory, December 31, 2014 140,000Prepare a Cost of Goods Manufactured Statement and compute the cost of goods sold.

The following data were taken from the records of ABC Company for the year ended  June 30,2014. Raw Materials      Inventory 7/1/2013 Raw Materials      Inventory 6/30/2014 Finished Goods    Inventory 7/1/2013 Finished Goods    Inventory 6/30/2014 Work in Process   Inventory 7/1/2013 Work in Process   Inventory 6/30/2014 Direct Labor Indirect Labor Accounts Receivable Cash Bad Debts Expenses Selling Expenses $48,000 39,600 96,000 75,900 19,800 18,600 139,250 24,460 27,000 32,000 5,500 20,000 Factory Insurance Factory Machinery   Depreciation Factory Utilities Office Utility Expense Sales Revenue Sales Discounts Plant Manager’s Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Indirect Material Used Administrative Expenses $4,600 16,000 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 2,200 28,500 Required:(a)Prepare a cost of goods manufactured schedule and an income statement through gross profit.

Bag Teeth manufactures dental supplies & equipment. Bag Teeth Ack's Total sales for year 2022 is $1,587,560 cost of goods sold & gross margin Calculate Inventory: Finished Goods, Jan. 01 Work in process, Jan.o1 Raw Materials Jan. 01 Raw materials purchased Raw Materials, Dec 31 Work in Process, Dec. 31 Finished Goods, Dec. 31. other Factory Expenses! Factory Supervisor salary Equipment repairs Plant utilities plant property tax Assembly employees info: # of employees. hour Wages per Daily hours Annual total days work per employee How much is an 552,000.00 165,000.00 16,500.00 28,000.00 15,000.00 21,000.00 465,000.00 45,000.00 15,500.00 13,500.00 11,500.00 18. 18.50 8 260 total manufacturing account? cost to