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P5-4
Columbus Company
Cost of Goods Sold Statement
October 31, 20..
Direct Materials
Materials and supplies, October 01
Purchase
Materials available for use
less : Materials and supplies, October 31
Supplies used
Direct Materials Used
Direct Labor
Applied Factory Overhead
Manufacturing Cost
Add : Work In Process, october 01
Columbus Company
Income Statement
October 31, 20..
Sales
Less : Sales Return and allowance
Net Sales
Cost Of Goods Sold
Gross Profit
Operating Expense
Marketing Expense
Depreciation - Building
Depreciation -office equipment
Administrative Expense
Depreciation - Building
Depreciation -office equipment
Income From Operating
P5-6
1)
JUAREZ INC.
Cost Sheet To Post Beginning Inventory Data
March 01
c) Materials 600
FOH Control
Work In Process
e) Payroll 38.000
Accrued Payroll
k) Cash 69.450
Account receivable
3) JUAREZ INC.
Schedule of Inventory
March 31
Materials
Work In Proces (Job 623)
Finished Goods
Total
Materials
begin 17.000 21.000 begin
purchase 19.000 800
600
total 36.600 21.800
14.800 Total
P5-8
a) Cash
begin 47.000 37.680
247.000 85.000
294.000 122.680
171.320
Materials
21.500 115.695
115.020
136.520 115.695
20.825
Common Stock
100.000
100.000
b) Payroll 110.000
Accrued Payroll
g) Cash 247.000
Sales Discount 13.000
Account Receivable
** A x 5% = (A-247.000)
A = 20A - 4.940.000
19A = 4.940.000
A = 260.000
3) Jackson Company
Trial Balance
January, 31
Account title Debit
Cash 171.320
Account Receivable 45.000
Finished Goods 32.500
Work In Process 46.075
Materials 20.825
Machinery 45.300
Acc. Dep-Machinery
Account Payable
Common Stock
Retained Earnings
Payroll
nt
40.700
24.800
65.500
31.750
3.950
29.800
18.600
27.450
75.850
4.070
79.920
4.440
75.480
9.800
85.280
9.250
76.030
144.900
1.300
143.600
76.030
67.570
25.050
30
16 25.096
19.700
20
24 19.744
22.730
20.100
3.950
150
800
4.400
29.400
27.450
1.950
Job 623
1.800
1.350
1.080
4.230
5.900
6.320
5.056
21.506
Still In Process
Credit
19.000
21.000
200
400
800
38.000
38.000
2.000
250
7.154,50
16.720
53.384
74.738
53.384
69.450
14.800
21.506
15.000
51.306
Sales Discount
13.000
13.000
Credit
115.020
110.000
110.000
115.695
42.750
190.350
255.000
190.350
260.000
37.680
2.000
85.000
42.750
1.450
Jackson Company
Cost of Goods Sold Statement
January, 31
Direct Material Used
Cedit Direct Labor
Applied Factory Overhead
Total Manufacturing incurred
Add : Work In Process, January 01
sales
255.000
255.000
108.175
78.000
42.750
228.925
7.500
236.425
46.075
190.350
1.450
191.800