Part A Instructions: Use the information provided below for Plant A of Big Noizz Corporation to...

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Accounting

Part A Instructions: Use the information provided below forPlant A of Big Noizz Corporation to prepare the Statement of Costof Goods Manufactured, Cost of Goods Sold and Income Statement for2017.
Sales $20,000
Raw Materials Used $5,000
Direct Labor Costs $2,000
Selling and Administrative Expenses $5,000
Beginning Raw Material Inventory $600
Ending Raw Material Inventory $2,000
Net Income $400
Beginning Work-in-Process Inventory zero
Ending Work-in-Process Inventory $600
Beginning Finished Goods Inventory $1,400
Ending Finished Goods Inventory $800

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Big Noizz Corporation Statement of Cost of Goods Manufactured Direct Material Used Beginning Raw Material Inventory 600 Add Purchases of Raw Material Inventory 6400note 1 Less Ending Raw Material Inventory 2000 Direct material used 5000 Direct Labor Costs 2000 Manufacturing Overhead See Answer

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