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Indicate Whether Each of the Following Would Appear on The

Question 207

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

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:

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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