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  3. wildhorse corporation has the following cost recor

Wildhorse Corporation has the following cost records for the year ended December 31,2022: ...

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Accounting

Wildhorse Corporation has the following cost records for the year ended December 31,2022:
Indirect factory labour $5,360
Direct materials used 250,300
Work in process (1/1/2022)31,800
Work in process (12/31/2022)26,800
Finished goods (1/1/2022)35,800
Finished goods (12/31/2022)29,300
Factory utilities 41,300
Depreciation, factory equipment 34,400
Direct labour 301,700
Indirect materials 22,700
Factory managers salary 63,200
Selling and administrative expenses 341,000
Net sales 1,236,000
Factory machinery rent 42,200
Prepare a cost of goods manufactured schedule for 2022.
Prepare Income statement sheet for 2022.

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