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Indicate Whether Each of the Following Would Appear on The

Question 207

Matching

Indicate whether each of the following would appear on the:
(Note: If it would appear in more than just one, indicate which ones)

Premises:

Responses:

Cost of goods sold

Cost of goods manufactured schedule

Finished goods inventory, 12/31

Income statement

Direct materials used

Balance sheet

Raw materials inventory, 1/1

Insurance on factory equipment

Work in process, 12/31

Indirect labor

Property taxes on office building

Premises:

Cost of goods sold

Finished goods inventory, 12/31

Direct materials used

Raw materials inventory, 1/1

Insurance on factory equipment

Work in process, 12/31

Indirect labor

Property taxes on office building

Responses:

Cost of goods manufactured schedule

Income statement

Balance sheet

Correct Answer:

Premises:

Responses:

Cost of goods sold

Finished goods inventory, 12/31

Direct materials used

Raw materials inventory, 1/1

Insurance on factory equipment

Work in process, 12/31

Indirect labor

Property taxes on office building

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