ACCOUNT-The following information is available for Elliot Company
Question # 00132439
Posted By:
Updated on: 11/10/2015 08:58 AM Due on: 12/10/2015
The following information is available for Elliot Company. Compute costs of goods manufactured. Prepare an income statement through Gross Profit.
January 1, 2013 December 31,
2013 2013
Raw materials inventory $26,000 $30,000
Work in process inventory 13,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales 800,000
-
Rating:
/5
Solution: ACCOUNT-answr