Need cost of goods purchased statement

Assignment Help Cost Accounting

Reference no: EM133483295

Case: The account balances for Tim Manufacturing for 2022 are as follows: Sales Revenue $950,000 Selling and administrative expenses 150,000 Income tax expense 90,000 Purchases of raw material 180,000 Raw material inventory, December 31 25,000 Raw material inventory, January 1 40,000 Direct labor 200,000 Utilities: plant 40,000 Depreciation: plant and equipment 60,000 Indirect material 10,000 Indirect labor 15,000 Other manufacturing overhead 80,000 Work in process inventory, December 31 30,000 Work in process inventory, January 1 40,000 Finished goods inventory, December 31 50,000 Finished goods inventory, January 1 20,000 Complete the following:

Question 1: need cost of goods purchased statement for 2022.

Question 2: need a cost of goods sold statement for 2022.

Question 3: need the income statement for 2022.

Reference no: EM133483295

Questions Cloud

Relevant cost analysis for your selected scenario : Create a decision-making scenario from the online resources-make-buy (outsource), keep or drop, special order, constrained resources

Describe each areas possibilities and address the questions : Conduct Tesla Market Analysis and describe each area's possibilities and address the following questions asked?

Why you are of the opinion that this would be : Why you are of the opinion that this would be the best suited payment options. You answer should be based on consideration according to an export credit policy

How can the rest of the nation help unfortunate ones cope : How can the rest of the nation help the unfortunate ones cope with the impact of international trade?

Need cost of goods purchased statement : need cost of goods purchased statement for 2022 and need a cost of goods sold statement for 2022

Why do large organizations tend to have larger ratios : Why large organizations tend to have larger ratios of clerical and administrative support staff? Why are they typically more formalized than small organizations

What will be approximate payment for damages by air canada : Export Electronics shipped an order to Argentina via Air Canada air freight from Montreal's. What will be the approximate payment for damages by Air Canada?

Calculate the maximum rrsp contribution : Calculate the maximum RRSP contribution that each can make this year (Omit the "sign in your response.)

Calculate your net pay and spendable income : Calculate your net pay and spendable income in the following situations You save $200 per pay period in a TFSA after paying income tax on $3,050

User Account

All Pages