ACC202-Ch2-Problem1

ACC202-Ch2-Problem1 - Name: Instructor: Managerial...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
FileName: e971d1019d914e71dc93e7f784dcee3ea1c31fae.xls, Tab: Problem P2-1, Page 1 of 2, 06/07/2009, 07:21:51 Name: Date: Instructor: Course: Problem P2-1 Cost of Goods Manufactured, Cost of Goods Sold, and Income The following information is available for Costa's Custom Glass for the fiscal year ending December 31, 2006: Beginning balance in Work In Process $200,000 Ending balance in Work In Process 250,000 Beginning balance in Finished Goods 500,000 Ending balance in Finished Goods 400,000 Direct material cost 1,000,000 Direct labor cost 3,000,000 Manufacturing overhead 2,000,000 Selling expense 300,000 General and administrative expenses 200,000 Sales 7,000,000 Required: Costa’s Custom Glass Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2006 Beginning balance in work in process Amount Add current manufacturing costs: Account Title Amount Account Title Amount Account Title Amount Formula Total Formula Less ending balance in work in process Amount Cost of goods manufactured
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This document was uploaded on 06/11/2009.

Page1 / 2

ACC202-Ch2-Problem1 - Name: Instructor: Managerial...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online