Requirement (Part One) Prepare an income statement for Patricia's Posies, a merchandiser, for the year ended December 31
Posted: Tue Jul 05, 2022 1:37 pm
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 1 (27.31 KiB) Viewed 5 times
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 2 (73.34 KiB) Viewed 5 times
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 3 (87.87 KiB) Viewed 5 times
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 4 (86.32 KiB) Viewed 5 times
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 5 (64.79 KiB) Viewed 5 times
- Requirement Part One Prepare An Income Statement For Patricia S Posies A Merchandiser For The Year Ended December 31 6 (27.27 KiB) Viewed 5 times
Data table On December 31, 2019, her accounting records show the following: Sales revenue.. .....$ 55,000 Utilities for shop.. .....$ ..$ 1,400 Inventory on December 31, 2019... $ 9,600 Inventory on January 1, 2019 ..... $12,500 .....$ 4,600 ....$ 4,100 $ 39,000 Rent for shop.. Sales commisions Purchases of merchandise I
Requirements (Part Two) 1. Calculate the Cost of Goods Manufactured for Floral Sea Manufacturing for the year ended December 31, 2020. 2. Prepare an income statement for Floral Sea Manufacturing for the year ended December 31, 2020. How does the format of the income statement for Floral Sea Manufacturing differ from the income statement of Patricia's Posies? 3. Print Done
Data table At the end of December 2020, her accounting records show the following: Utilities for plant Delivery expense.. Sales salaries expense Plant janitorial services ......$ Work in process inventory, December 31, 2020 .....$ Finished goods inventory, December 31, 2019... $ Finished goods inventory, December 31, 2020 . . . . . $ Sales revenue. ... $ Customer service hotline expense Direct labor... Direct material purchases ***. ... ... ** E ... $ A $ LA 69 $ $ $ 4,400 3,200 5,000 1,750 2,000 0 3,000 106,000 1,300 21,000 35,000
**** Work in process inventory, December 31, 2020 . . . . . $ Finished goods inventory, December 31, 2019 Finished goods inventory, December 31, 2020 Sales revenue Customer service hotline expense Direct labor..... Direct material purchases Rent on manufacturing plant . . . . . Raw materials inventory, December 31, 2019. Raw materials inventory, December 31, 2020. Work in process inventory, December 31, 2019 .....$ ..... Print ... Done .....$ . . . . . $ ***. $ ... $ $ $ ....$ LA $ $ 2,000 0 3,000 106,000 1,300 21,000 35,000 9,600 11,000 10,500 0
More info 1. Patricia's Posies at December 31, 2019 2. Floral Sea Manufacturing at December 31, 2020 Print Done