Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

تمرين 27

Reconstruct Financial Statements
San Ysidro Company manufactures hiking equipment. The company's administrative and manufacturing operations share the company's one building. Eighty percent of the building is used for manufacturing and the remainder is used for administrative activities. Indirect labor is 8 percent of direct labor.
The cost accountant at San Ysidro has compiled the following information for the year ended December 31:

Required
Prepare a cost of goods manufactured and sold statement and an income statement.