Kessler Brothers produces products for farms and ranches. The administrative and manufacturing operations occupy the...
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Accounting
Kessler Brothers produces products for farms and ranches. The administrative and manufacturing operations occupy the same 240,000-square-foot building. The manufacturing plant uses 180,000 square feet. Depreciation is assigned based on building use. Indirect labor represents 15 percent of the total manufacturing plant labor.
The financial information for the year just ended is shown as follows:
Required
Prepare a cost of goods manufactured and sold statement and an income statement.
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