Chapter 2 HW - Finished Goods Inventory, 1/1 4,000 4,000...

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P 2-40 Case 1 Case 2 Accounts Receivable, 12/31 $ 6,000 $ 2,100 4000 4000 Cost of Goods Sold 20,700 20,000 18000 21300 Accounts Payable, 1/1 3,000 1,700 22000 25300 Accounts Payable, 12/31 1,800 1,500 20700 5300 Finished Goods Inventory, 12/31 1,300 5,300 1300 20000 Gross Margin 11,300 11,800 Work-in-process Inventory, 1/1 - 800 Work-in-process Inventory, 12/31 - 3,000 8000 12000
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Unformatted text preview: Finished Goods Inventory, 1/1 4,000 4,000 3000 5000 Direct Materials Used 8,000 12,000 7000 6500 Direct Manufacturing Labor 3,000 5,000 18000 23500 Manufacturing Overhead Costs 7,000 6,500 800 Purchases of Direct Materials 9,000 7,000 18000 24300 Revenues 32,000 31,800 3000 Accounts Receivable, 1/1 2,000 1,400 18000 21300...
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This note was uploaded on 04/01/2011 for the course ACCT 315 taught by Professor Siebert during the Winter '09 term at Saginaw Valley.

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