Chat with us, powered by LiveChat Exercise 2-9 (E2-9)Prepare a cost of goods manufac - Writemia

Exercise 2-9 (E2-9)Prepare a cost of goods manufac

Exercise 2-9 (E2-9)Prepare a cost of goods manufactured schedule and partial financial statements. (SO 2, 5)At May 31, 2005, the accounts of Yellow Knife Manufacturing Company show the following.1. May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200.2. May 31 inventoriesfinished goods $11,500, work in process $17,900, and raw materials $7,100.3. Debit postings to work in process were: direct materials $62,400, direct labor $32,000, and manufacturing overhead applied $48,000.4. Sales totaled $200,000.Instructions1. Prepare a condensed cost of goods manufactured schedule.2. Prepare an income statement for May through gross profit.3. Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2005.

Do you need an answer to this or any other questions?

About Writemia

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order