Given the following selected account balances of Randa Company, prepare its manufacturing statement for the year ended on December 31, 2011. Include a listing of the individual overhead account balances in this statement.
|
Sales |
$1,252,000 |
|
Raw materials inventory, Dec 31, 2010 |
39,000 |
|
Goods in process inventory, Dec 31, 2010 |
55,900 |
|
Finished goods inventory, Dec 31, 2010 |
64,750 |
|
Raw materials purchases |
177,600 |
|
Direct labor |
227,000 |
|
Factory computer supplies used |
19,840 |
|
Indirect labor |
49,000 |
|
Repairs—Factory equipment |
7,250 |
|
Rent cost of factory building |
59,000 |
|
Advertising expense |
96,000 |
|
General and administrative expenses |
131,300 |
|
Raw materials inventory, Dec 31, 2011 |
44,700 |
|
Goods in process inventory, Dec 31, 2011 |
43,500 |
|
Finished goods inventory, Dec 31, 2011 |
69,300 |