connect ch-18
shahimermaid (Not rated)
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Given the following selected account balances of Shanta Company.
| Sales | $ | 1,129,000 |
| Raw materials inventory, Dec. 31, 2012 | 39,000 | |
| Goods in process inventory, Dec. 31, 2012 | 55,800 | |
| Finished goods inventory, Dec. 31, 2012 | 60,300 | |
| Raw materials purchases | 152,400 | |
| Direct labor | 237,000 | |
| Factory computer supplies used | 18,900 | |
| Indirect labor | 58,000 | |
| Repairs—Factory equipment | 5,250 | |
| Rent cost of factory building | 52,000 | |
| Advertising expense | 87,000 | |
| General and administrative expenses | 140,000 | |
| Raw materials inventory, Dec. 31, 2013 | 44,400 | |
| Goods in process inventory, Dec. 31, 2013 | 41,000 | |
| Finished goods inventory, Dec. 31, 2013 | 68,700 | |
Prepare its manufacturing statement for the year ended on December 31, 2013.
10 years ago
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