Mathematics
Mathematics, 04.07.2019 23:10, aliviafrancois2000

49 income statement and supporting schedules. the following financial information is for industrial company. (note that the most current financial information is presented in the first column.) december 31, 2011 december 31, 2010 raw materials inventory 24,000 30,000 work-in-process inventory 1,650,000 1,800,000 finished goods inventory 1,050,000 1,230,000 of the total raw materials placed in production for the year, $36,000 was for indirect materials. industrial had $3,795, in sales for the year ended december 31, 2011. the company also had the following costs for the year: s 270,000 selling s 720,000 general and administrative raw materials purchases $ 300,000 s 375,000 direct labor used in production manufacturing overhead $1,890,000 required: a. prepare a schedule of raw materials placed in production for the year ended december 31, 2011 b. prepare a schedule of cost of goods manufactured for the year ended december 31, 2011 c. prepare a schedule of cost of goods sold for the year ended december 31, 2011 d. prepare an income statement for the year ended december 31, 2011.

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