The following information was available for Hamilton Industries for the year 20XX:
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The following information was available for Hamilton Industries for the year 20XX:
Inventories | 1-Jan | 31-Dec |
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Materials | $85,000 | $105,000 |
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Work in process | 120,000 | 105,000 |
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Finished goods | 125,000 | 110,000 |
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Advertising expense | $75,000 | ||||
Depreciation expense-office equipment | 25,000 | ||||
Depreciation expense-factory equipment | 16,000 | ||||
Direct Labor | 205,000 | ||||
Heat, light, and power-factory | 6,500 | ||||
Indirect labor | 26,000 | ||||
Materials purchased | 135,000 | ||||
Office salaries expense | 85,000 | ||||
Property taxes-factory | 4,500 | ||||
Property taxes-headquarters | 15,000 | ||||
Rent expense-factory | 7,500 | ||||
Sales | 950,000 | ||||
Sales salaries expense | 150,000 | ||||
Supplies-factory | 3,500 | ||||
Miscellaneous cost-factory | 4,500 | ||||
Requirements:
- Prepare the 20XX statement of cost of goods manufactured.
- Prepare the 20XX income statement.
13 years ago
Hamilton Industries __Correct answers !! USE it as a GUIDE
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module_09__hamilton_industries.xlsx
