Description of this paper

Income statement and schedule of cost of goods man...

Description

Solution


Question

Income statement and schedule of cost of goods manufacture. The Howell Corporation Howell Corporation has the following account balances (in millions) For Specific Date For Year 2009 Direct materials inventory, Jan 1, 2009 $15 Purchases of Direct Materials $325 Work-in-process inventory, Jan 1, 2009 $10 Direct manufacturing labor $100 Finished goods inventory, Jan 1, 2009 $70 Depreciation - plant and equipment $80 Direct Materials Inventory, Dec 31,2009 $20 Plant supervisor salaries $5 Work-in-process inventory, Dec 31,2009 $5 Miscellaneous plant overhead $35 Finished goods inventory, Dec 31,2009 $55 Revenues $950 Marketing, distribution, and suctomer service costs $240 Plant Supplies used $10 Plant utilities $30 Indirect manufacturing labor $60 Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2009.

 

Paper#9723 | Written in 18-Jul-2015

Price : $25
SiteLock