Managerial Accounting 1B
Financial and Managerial Accounting
Exercise 14-8 Cost of goods sold computation L.O. P1
Cost of purchases
Cost of goods manufactured
Compute cost of goods sold for each of these two companies for the year ended December 31, 2011. (Omit the “$” sign in your response.)
Cost of goods sold
New Homes Manufacturing
Exercise 14-9 Cost of goods manufactured and cost of goods sold computation L.O. P1, P2[The following information applies to the questions displayed below.]
Using the following data,
Beginning finished goods inventory
Beginning goods in process inventory
Beginning raw materials inventory
Rental cost on factory equipment
Ending finished goods inventory
Ending goods in process inventory
Ending raw materials inventory
Factory supplies used
General and administrative expenses
Raw materials purchases
Exercise 14-9 Cost of goods manufactured and cost of goods sold computation L.O. P1, P2
Learning Objective: 14-P2 Prepare a manufacturing statement and explain its purpose and links to financial statements.
Exercise 14-9 Part 1
Compute the cost of goods manufactured for both Canyon Company and Rossings Company.(Omit the “$” sign in your response.)
Cost of goods manufactured
3.Exercise 14-9 Part 2
Compute cost of goods sold for both Canyon Company and Rossings Company.(Omit the “$” sign in your response.)
Cost of goods sold
Exercise 14-11 Manufacturing statement preparation L.O. P2
Given the following selected account balances of Randa Company.
Prepare its manufacturing statement for the year ended on December 31, 2011. (Input all amounts as positive values. Omit the “$” sign in your response.)
Exercise 14-12 Income statement preparation L.O. P2
Following are the selected account balances of Randa Company:
Prepare an income statement for Randa Company (a manufacturer). Assume that its cost of goods manufactured is $546,390. (Input all amounts as positive values. Omit the “$” sign in your response.)
Problem 14-8A Manufacturing and income statements; inventory analysis L.O. P2[The following information applies to the questions displayed below.]
The following calendar year-end information is taken from the December 31, 2011, adjusted trial balance and other records of Plaza Company.
Problem 14-8A Manufacturing and income statements; inventory analysis L.O. P2
6.Problem 14-8A Part-1
Prepare the company’s 2011 manufacturing statement.(Input all amounts as positive values. Omit the “$” sign in your response.)
7.Problem 14-8A Part-2
Prepare the company’s 2011 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.(Input all amounts as positive values. Omit the “$” sign in your response.)
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