ing compeny select yes in the appropriate column indicating

ing compeny, select yes in the appropriate column indicating that it appears on the listing of factory overhead costs and/or a Assume that the income statement shows the cakculation of cost of goods sold and the schedule of cost of goods manufactured than one report. Be certain to select \"No\" shows only the total amount of factory overhead. (An account can appear on more th wherever required) 153 points Prient raw matenals invernory purchases Prev11 of 13 Next>

Solution

Balance Sheet

Income Statement

Statement of COGM

Overhead Report

Accounts Receivable

YES

NO

NO

NO

Computer supplies used[office]

NO

YES

NO

NO

Beginning finished goods inventory

NO

YES

NO

NO

Beginning work in process inventory

NO

NO

YES

NO

Cash

YES

NO

NO

NO

Depreciation Expenses – Factory Building

NO

NO

NO

YES

Depreciation Expenses – Office Building

NO

YES

NO

NO

Direct Labor

NO

NO

YES

NO

Ending Work in process inventory

YES

NO

YES

NO

Ending raw material inventory

YES

NO

YES

NO

Factory maintenance wages

NO

NO

NO

YES

Income Taxes

NO

YES

NO

NO

Insurance on factory building

NO

NO

NO

YES

Property Tax on Factory Building

NO

NO

NO

YES

Raw materials purchase

NO

NO

YES

NO

Sales

NO

YES

NO

NO

	Balance Sheet	Income Statement	Statement of COGM	Overhead Report
Accounts Receivable	YES	NO	NO	NO
Computer supplies used[office]	NO	YES	NO	NO
Beginning finished goods inventory	NO	YES	NO	NO
Beginning work in process inventory	NO	NO	YES	NO
Cash	YES	NO	NO	NO
Depreciation Expenses – Factory Building	NO	NO	NO	YES
Depreciation Expenses – Office Building	NO	YES	NO	NO
Direct Labor	NO	NO	YES	NO
Ending Work in process inventory	YES	NO	YES	NO
Ending raw material inventory	YES	NO	YES	NO
Factory maintenance wages	NO	NO	NO	YES
Income Taxes	NO	YES	NO	NO
Insurance on factory building	NO	NO	NO	YES
Property Tax on Factory Building	NO	NO	NO	YES
Raw materials purchase	NO	NO	YES	NO
Sales	NO	YES	NO	NO