Schedule of cost of goods, Financial Accounting

The following information was taken from the ledger of Jefferson Industries, Inc.:

Direct labor


Administrative expenses


Selling expenses


Work in. process



Jan. 1


Finished goods

Dec. 31


Jan. 1


Direct material purchases


Dec. 31


Depreciation: factory


Raw (direct) materials on hand

Indirect materials used


Jan. 1


Indirect labor


Dec. 31


Factory taxes


Factory utilities


Do the following:

a.       A schedule of cost of goods manufactured for the year finished December 31.

b.      An income statement for the year finished December 31.


Posted Date: 3/21/2013 7:04:53 AM | Location : United States

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