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Unformatted text preview: 15-18 shows a condensed schedule for Wallace Manufacturing Company for January. Illustration 15-18 Cost of goods manufactured schedule Note that the cost of goods manufactured ($39,000) agrees with the amount transferred from Work in Process Inventory to Finished Goods Inventory in journal entry No. 7 in Illustration 15-16 . The income statement and balance sheet are the same as those illustrated in Chapter 14 . For example, Illustration 15-19 shows the partial income statement for Wallace Manufacturing for the month of January. Illustration 15-19 Partial income statement ....
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- Fall '11