4111029-q4.png - Chapter 18 eBook Calculator 1 PR 18-3.A Manufacturing income statement statement of cost of goods manufactured 2 PR.18-4.A Amount

# 4111029-q4.png - Chapter 18 eBook Calculator 1 PR 18-3.A...

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Unformatted text preview: Chapter 18 eBook Calculator 1. PR. 18-3.A Manufacturing income statement, statement of cost of goods manufactured 2. PR.18-4.A Amount Descriptions !Starting Question !Statement of Cost of Goods Manufactured|!Income Statement 3. PR.18-5.A Instructions Starting Question Shaded cells have Statement of Cost of Goods Manufactured Income Statement Shaded cells have Shaded cells have A feedback. B &quot;4 C. Prepare Volt Company's income statement for December. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. &quot;Less&quot; or &quot;Plus&quot; will automatically appear if it is required. Enter all amounts as positive numbers. Volt Company Score: 52/76 Income Statement For the Month Ended December 31, 2016 1 Sales \$1,675,50010 2 Cost of goods sold: 3 direct \$339,000.00 4 Cost of goods manufactured 516,000.00 s work In process Inventor \$453,000.00 6 Less finished goods inventory December 51, 2015 177,000.00 7 Cost of goods sold 1,051,500.00 8 Gross profit \$624100.00 9 Operating expenses 240 000.01 10 Net Income \$384,000.00 Points: 12.32 / 18 Feedback Check My Work C. The beginning and ending finished goods amounts and the cost of goods manufactured are used in the calculation of the cost of goods sold. Sales and one expense amount are used to determine gross answer choices for text entries. &quot;Less&quot; or &quot;Plus&quot; will automatically appear if it is required. Enter all amounts as positive numbers. Check My Work Next &gt; Progress: 2/3 Items &lt; Previous Assignment Score: 83.79% Email Instructor Save and Exit Submit Assignment for Grading...
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