Details of this Paper

Fido Treats manufactures its own brand of pet chew bones. At the end of December 2014, the accounting

Description

solution


Question

Fido Treats manufactures its own brand of pet chew bones. At the end of December 2014, the accounting records showed the following;Inventories:Beginning Ending;Raw Materials $ 13,400$ 9,500;Work -in-Process 0 2,000;Finished Goods 0 5,300;Other Information;Raw materials purchase$ 33,000;Plant janitorial services 800;Sales Salaries 5,000;Delivery Costs 1,700;Sales revenue 109,000;Utilities for plant 1,600;Rent on plant 13,000;Customer service hotline costs 1,400;Direct Labor 22,000;Requirements;1. Prepare a schedule of costs of goods manufactured for Fido Treats for the year ended December 31, 2014.;2. Prepare an income statement for Fido Treats for the year ended December 31, 2014.;3. How does the format of the income statement for Fido Treats differ from the income statement of a merchandiser?;4. Fido Treats manufactured 18,075 units of its product in 2014. Compute the company?s unit product cost for the year.

 

Paper#77163 | Written in 18-Jul-2015

Price : $22
SiteLock