FINC 577 Chapter 1 Notes Outline

Chapter 1 19 example 1 colorcolor coded components of

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Unformatted text preview: schedule Indirect Factory Labor $4,500 Direct Materials Used $20,000 Factory Utilities Depreciation, Factory Equipment $400 $1,400 Work in Process, 6/1/11 $3,000 Direct Labor Work in Process, 6/30/11 in Process 6/30/11 $3,800 Maintenance, Factory Equipment Factory Equipment $1,800 Finished Goods, 6/1/11 $5,000 Indirect Materials $2,200 Finished Goods, 6/30/11 $7,500 Factory Manager's Salary $3,000 Chapter 1-20 $30,000 Example 1 Chapter 1-21 Example 1 ColorColor-coded components of the Income Statement (in addition to sales and COGM) Indirect Factory Labor $4,500 Direct Materials Used $20,000 Factory Utilities Depreciation, Factory Equipment $400 $1,400 Work in Process, 6/1/11 $3,000 Direct Labor Work in Process, 6/30/11 in Process 6/30/11 $3,800 Maintenance, Factory Equipment Factory Equipment $1,800 Finished Goods, 6/1/11 $5,000 Indirect Materials $2,200 Finished Goods, 6/30/11 $7,500 Factory Manager's Salary $3,000 Chapter 1-22 $30,000 Example 1 Chapter 1-23 Example 2 An An analysis of the accounts of Spivey Manufacturing reveals the following manufacturing cost data for the month manufacturing cost data for the month ended ended June 30, 2011. Inventories Ending Raw Materials Materials $9...
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