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Homework answers / question archive / Standford Corporation has provided the following data for the month of February: Sales
Standford Corporation has provided the following data for the month of February:
Sales.... 280,000
Raw Materials purchases 76,000
Direct labor cost 42,000
Maunufacturing OH 77,000
Selling Expense 20,000
Administrative Expense 35,000
Inventories Beginning Ending
Raw Materials 22,000 33,000
Work in process 15,000 23,000
Finished Goods 52,000 43,000
Required:
a. Make a Direct Materials Used in good form
b. Make a Schedule of Cost of Goods Manufactured in good form
c. Make the Cost of Goods Sold in good form.
d. Using data from the answers above as needed, Make a Income Statement in good form