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preparing a schedule of cost of goods manufactured and an income statement for a manufacturing...

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Accounting

preparing a schedule of cost of goods manufactured and an income statement for a manufacturing company. yum yum treats manufactures its own brand of pet chew bones. at the end of December 2016, the accounting records showed the following

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> Continuing Problem Problem P18-42 is the first problem in a sequence of problems for Daniels Consulting. The company was also used for the Continuing Problems in the financial accounting chapters a the business evolved from a service company to a merchandising company. However, it is un Daniels Consulting is going to manufacture billing software. During its first month 3. Cost of god necessary to complete those prior to completing P18-42 Daniels incurred the following manufacturing : Inventories: Beginning Ending $ 10,800 $ Raw Materials Work-in-Process Finished Goods 9,600 23,000 29,000 0 Other information: $ 18,000 200 Raw materials purchases Plant janitorial services Sales salaries expense Delivery expense Sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor 7,000 1,100 1,075,000 11,000 12,000 12,000 200,000 Prepare a schedule of cost of goods manufactured for Daniels for the month ended January 31, 2018

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