StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Beginning InventoryEnding Inventory Raw materials$28,500 $25,400 Work in process 21,100 46,300 Finished goods 79,000 68,400 Additional information for the month of March follows: Raw materials purchases$41,400 Indirect materials used 1,100 Direct labor 63,900 Manufacturing overhead applied 36,100 Selling, general, and administrative expenses 23,200 Sales revenue 236,400 Required: 1. Based on the above information, prepare a cost of goods manufactured report. 2. Based on the above information, prepare an income statement for the month of March.
Answers: 2
Another question on Business
Business, 22.06.2019 23:40
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
Business, 23.06.2019 01:00
Why does the downward-sloping production possibilities curve imply that factors of production are scarce?
Answers: 1
Business, 23.06.2019 01:00
Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate?
Answers: 3
Business, 23.06.2019 06:00
What can be concluded from the data about the reliability and validity of the thermometers
Answers: 2
You know the right answer?
StorSmart Company makes plastic organizing bins. The company has the following inventory balances at...
Questions
Biology, 09.12.2019 21:31
