Income Statement, Cost of Goods Manufactured Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1-liter bottles sells for $36. Spencer had 2,500 cases of sports drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 cases of sports drinks in finished goods inventory. Spencer's accounting records provide the following information: 11eb7449_c42b_c77c_a720_6b54e8a5cde9_SM1592_00 Required: 1. Prepare a cost of goods manufactured statement. 2. Compute the cost of producing one case of sports drink last year. (Round your answer to the nearest cent.) 3. Prepare an income statement on an absorption-costing basis. Include a column showing the percent of each line item of sales. (Round your percentage answers to two significant digits, e.g., 45.67%.)

Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

النسخة 2الرقم المعياري الدولي: 978-1111824402

Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

النسخة 2الرقم المعياري الدولي: 978-1111824402

تمرين 3

Income Statement, Cost of Goods Manufactured
Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1-liter bottles sells for $36. Spencer had 2,500 cases of sports drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 cases of sports drinks in finished goods inventory. Spencer's accounting records provide the following information:

Required:
1. Prepare a cost of goods manufactured statement.
2. Compute the cost of producing one case of sports drink last year. (Round your answer to the nearest cent.)
3. Prepare an income statement on an absorption-costing basis. Include a column showing the percent of each line item of sales. (Round your percentage answers to two significant digits, e.g., 45.67%.)

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موثّق

1.Cost of goods manufactured statement i...