Prepare the 2010 statement of cost of goods manufactured.

Statement of cost of goods manufactured and income statement for a manufacturing company The following information is available for Rosetta Company for 2010:

Inventories

1-Jan

31-Dec

Materials

$59,500

$73,500

Work in   process

84,000

73,500

Finished   goods

87,500

77,000

 

Advertising   expense

$52,500

Depreciation   expense—office equipment

17,500

Depreciation   expense—factory equipment

11,200

Direct   labor

143,500

Heat,   light, and power—factory

4,500

Indirect   labor

18,200

Materials   purchased

95,000

Office   salaries expense

59,500

Property   taxes—factory

3,150

Property   taxes—headquarters building

10,500

Rent   expense—factory

5,250

Sales

665,000

Sales   salaries expense

105,000

Supplies—factory

2,500

Miscellaneous   cost—factory

3,400

Instructions

1. Prepare the 2010 statement of cost of goods manufactured.

2. Prepare the 2010 income statement.

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *