The following data were taken from the records of Blossom Manufacturing Company for the fiscal year ended December 31, 2022: $47,950 Factory Machinery Depreciation Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) 44,350 Factory Utilities Finished Goods Inventory (1/1/22) 85,700 Finished Goods Inventory (12/31/22) 77,600 Work in Process Inventory (1/1/22) 9,850 6,550 145,100 18,200 27,250 7,600 Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance Office Utilities Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,820 13,220 9,000 465,880 2,050 40,500 7,020 940 62,800 28,300
The following data were taken from the records of Blossom Manufacturing Company for the fiscal year ended December 31, 2022: $47,950 Factory Machinery Depreciation Raw Materials Inventory (1/1/22) Raw Materials Inventory (12/31/22) 44,350 Factory Utilities Finished Goods Inventory (1/1/22) 85,700 Finished Goods Inventory (12/31/22) 77,600 Work in Process Inventory (1/1/22) 9,850 6,550 145,100 18,200 27,250 7,600 Work in Process Inventory (12/31/22) Direct Labour Indirect Labour Accounts Receivable Factory Insurance Office Utilities Sales Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $7,820 13,220 9,000 465,880 2,050 40,500 7,020 940 62,800 28,300
Chapter1: Financial Statements And Business Decisions
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