FinAcc1-9

FinAcc1-9 - Note2Sellingexpenses Salessalaries 520,000...

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Note 2 – Selling expenses Sales salaries       520,000 Advertising       120,000 Delivery expense       160,000 Total       800,000 Note 3 – Administrative expenses Office supplies expense   30,000 Office salaries       800,000 Doubtful accounts     100,000 Total       930,000 Problem 2-10 Ronald Company Statement of Cost of Goods Manufactured Year Ended December 31, 2008 Materials – January 1         1,120,000 Purchases       1,600,000 Freight on purchases          220,000 Purchase discounts      (    20,000)         1,800,000 Materials available for use         2,920,000 Less: Materials – December 31         1,560,000 Materials used         1,360,000 Direct labor         2,000,000 Factory overhead:     Heat, light and power         600,000     Repairs and maintenance         100,000     Indirect labor         360,000
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This note was uploaded on 08/04/2011 for the course COMM 101 taught by Professor Sy during the Spring '11 term at USC.

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FinAcc1-9 - Note2Sellingexpenses Salessalaries 520,000...

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