Please Answer 1-10 1. Direct Labor + Factory Overhead =2. Raw Materials Inventory, beg.Purchases - Freight in =3. Direct Materials + Direct Labor +Factory Overhead =4. Raw Materials Available for UseRaw Materials Inv., end =5. SalesCost of Goods Sold =6. Gross ProfitExpenses =7. Direct Materials + Direct Labor =8. WIP, beg. + Manufacturing Costs =9. FG, beg. + Cost of Goods Manufactured =10. Goods Placed in ProcessWIP, end =CHOICES:A Manufacturing CostB Raw Materials UsedC Gross ProfitD Net Income (Loss)E Prime costF Goods Placed in ProcessG Cost of Goods ManufacturedH Conversion CostIRaw Materials Available for UseJMerchandise Available for SaleKCost of Goods SoldL Net SalesM Raw Materials Inv., beginningN Raw Materials Inv., endO Work - in - Process Inv., beginningWork - in - Process Inv., endQ Finished Goods Inv., beginningR Finished Goods Inv., endP

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1. Direct Labor + Factory Overhead = 2. Raw Materials Inventory, beg. + Purchases - Freight in = 3. Direct Materials + Direct Labor + Factory Overhead = 4. Raw Materials Available for Use - Raw Materials Inv., end = 5. Sales - Cost of Goods Sold = 6. Gross Profit - Expenses = 7. Direct Materials + Direct Labor = 8. WIP, beg. + Manufacturing Costs = 9. FG, beg. + Cost of Goods Manufactured = 10. Goods Placed in Process WIP, end =

1. Direct Labor + Factory Overhead = 2. Raw Materials Inventory, beg. + Purchases - Freight in = 3. Direct Materials + Direct Labor + Factory Overhead = 4. Raw Materials Available for Use - Raw Materials Inv., end = 5. Sales - Cost of Goods Sold = 6. Gross Profit - Expenses = 7. Direct Materials + Direct Labor = 8. WIP, beg. + Manufacturing Costs = 9. FG, beg. + Cost of Goods Manufactured = 10. Goods Placed in Process WIP, end =

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter15: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5PB: Statement of cost of goods manufactured and income statement for a manufacturing company The...

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