For each of the following accounts for a manufacturing compa

For each of the following accounts for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet, the income statement, the schedule of cost of goods manufactured, and/or a detailed listing of factory overhead costs Assume that the income statement shows the calculation of cost of goods sold and the schedule of cost of goods manufactured shows only the total amount of factory overhead. (An account can appear on more than one report. Be certain to select \"No\" wherever required.) Balance Sheet Income Statement Schedule of Overhead Report Account COGM Accounts receivable Computer supplies used (office) Beginning finished goods inventory Beginning work in process inventory Cash Depreciation expense-Factory buil Depreciation expense-Office building Direct labor Ending work in process inventory Ending raw materials inventory Factory maintenance wages Income taxes Insurance on factory building Property taxes on factory building Raw materials purchases Sales ding

Solution

Account Balance Sheet Income Statement Schedule of COGM Overhead Report Comments Accounts Receivable Yes No No No Current Asset - So only in Balance Sheet Computer Supplies Used (Office) No Yes No No Non Factory exp - So only in Income Stmt Beginning Finished Goods Inventory No Yes No No Income Stmt Beginning Work in Process Inventory No No Yes No Used in Calculation of COGM Cash Yes No No No Current Asset - So only in Balance Sheet Depreciation - Factory Building No No No Yes Factory OH - Only in OH Report Depreciation - Office Building No Yes No No Non Factory exp - So only in Income Stmt Direct labour No No Yes No Used in Calculation of COGM Ending Work in Process Inventory Yes No Yes No Used in Calculation of COGM Ending Raw Materials Inventory Yes No Yes No Used in Calculation of COGM Factory Maintanance wages No No No Yes Factory OH - Only in OH Report Income Taxes No Yes No No Non Factory exp - So only in Income Stmt Insurance on Factory Building No No No Yes Factory OH - Only in OH Report Property Taxes on Factory Building No No No Yes Factory OH - Only in OH Report Raw Material Purchases No No Yes No Used in Calculation of COGM Sales No Yes No No Revenue - Income Stmt