table by allocating the expenses of the two service departments

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Sh12 Please help me  Solution  Thankyou

PROBLEM 2–21 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behavior [LO2, LO3, LO4, LO5, LO6] Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries $110,000 Purchases of raw materials $290,000 Direct labor Advertising expense Manufacturing overhead 8 80,000 $270,000 $ 50,000 Sales commissions Inventory balances at the beginning and end of the year were as follows: Beginning of the Year End of the Year Raw materials $ 40,000 $ 10,000 Work in process. Finished goods ? $35,000 $ 50,000 ? The total manufacturing costs for the year were $683,000; the goods available for sale totaled $740,000; and the cost of goods sold totaled $660,000. Required: 1. Prepare a schedule of cost of goods manufactured and the cost of goods sold section of the company's income statement for the year. 2. Assume that the dollar amounts given above are for the equivalent of 40,000 units produced during the year. Compute…

Problem 22-3A Departmental income statements; forecasts LO P3 Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow.  WILLIAMS COMPANYDepartmental Income StatementsFor Year Ended December 31, 2019   Clock Mirror Combined Sales $ 130,000   $ 55,000   $ 185,000   Cost of goods sold   63,700     34,100     97,800   Gross profit   66,300     20,900     87,200   Direct expenses                   Sales salaries   20,000     7,000     27,000   Advertising   1,200     500     1,700   Store supplies used   900     400     1,300   Depreciation—Equipment   1,500     300     1,800   Total direct expenses   23,600     8,200     31,800   Allocated expenses                   Rent expense   7,020     3,780     10,800   Utilities expense   2,600     1,400     4,000   Share of office department expenses   10,500     4,500     15,000   Total allocated…

Problem 11 (Adapted) The following information is for Mikaela Enterprises Ltd: OMNIA AVA T Jan. 31 Feb. 28 Mar. 31 P25,000 1 P25,100 17,600 20,000 29,000 P29,000 22,600 24,000 35,000 Apr. 30 P23,000 17,300 26,500 40,000 Inventory at cost Inventory at LCNRV 24,500 Purchases for the month Sales for the month Requirements: 1. Using the above information, prepare a monthly income statement for the month of February, March, and April. Mikaela Enterprises Ltd. uses the indirect or allowance method. 2. Prepare the journal entry that is needed to establish the valuation account on January 31. Also, prepare the journal entries to adjust it at the end of each month after that.

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