Cost det and analysis HW- P2-15Feb 1

Cost det and - P2­15 1 Direct materials Beginning inventory Add Purchases Materials available Less Ending inventory Direct materials used in

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Unformatted text preview: P2­15 1 Direct materials: Beginning inventory Add: Purchases Materials available Less: Ending inventory Direct materials used in production Direct labor Manufacturing overhead: Indirect labor Depreciation on building Depreciation on equip. Utilities Insurance Property taxes Total manufacturing costs added Add: Beginning work in process Less: Ending work in process Cost of goods manufactured 2 Jordan Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 2010 $380,000.00 $1,675,000.00 $2,055,000.00 $(327,000.00) $1,728,000.00 $2,000,000.00 $790,000.00 $1,100,000.00 $630,000.00 $150,000.00 $200,000.00 $65,000.00 $2,935,000.00 $6,663,000.00 $450,000.00 $750,000.00 $6,363,000.00 = 3 $6,363,000.00 $150,000.00 $42.42 per floor lamp Jordan Company Income Statement For the Year Ended December 31, 2010 $7,050,000.00 $5,981,220.00 $1,068,780.00 $120,000.00 $455,000.00 $390,000.00 Sales Less: Cost of goods sold Gross margin Less operating expenses: Research and development Selling Administrative Operating Income $965,000.00 $103,780.00 ...
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This note was uploaded on 02/23/2011 for the course ECON 101 taught by Professor Profeessor during the Spring '11 term at Aachen University of Applied Sciences.

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Cost det and - P2­15 1 Direct materials Beginning inventory Add Purchases Materials available Less Ending inventory Direct materials used in

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