Messinger manufacturing Company had the following account balances for the quarter ending March 31, unless...
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Accounting
Messinger manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:
WIP, Beg. Inventory (January 1)
$ 140,400
WIP, End. Inventory (December 31)
171,000
FG, Beg. Inventory
540,000
FG, End. Inventory
510,000
DM used
378,000
IM used
84,000
Direct manufacturing labor
480,000
Indirect manufacturing labor
186,000
Property taxes on manufacturing plant building
28,800
Salespersons' company vehicle costs
12,000
Depreciation of manufacturing equipment
264,000
Depreciation of office equipment
123,600
Miscellaneous plant overhead
135,000
Plant utilities
92,400
General office expenses
305,400
Marketing distribution costs
30,000
Sales revenue
3,000,000
Required:
1. cost sheet for the quarter.
2.an income statement for Messinger Manufacturing Company for the quarter ending March 31.
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