Q No.

03 Ruthven Compnay Cost of Goods Sold Statement For the Month of September
Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 2/3 of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) $ 8,000.00 $ 36,000.00 $ 44,000.00 $ 8,500.00 $ $ $ $ $ $ $ $ $ $ $ $ 35,500.00 15,000.00 10,000.00 60,500.00 8,000.00 68,500.00 15,000.00 53,500.00 7,000.00 60,500.00 10,200.00 50,300.00

Q No. 03 Ruthven Compnay Income Statement For the Month of September

Sales Less Cost of Goods Sold Gross Profit Less Operative Expenses Marketing Expenses Administrative Expenses Other Expenses Total Operative Expenses Net Profit befor Tax and Interest $ $ $ $ $ $ 3,600.00 720.00 360.00 $ $ 4,680.00 17,020.00 72,000.00 50,300.00 21,700.00

Q No. 04 Crowley Inc. Cost of Goods Sold Statement For the Month of September
Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 150% of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) $ 7,000.00 $ 42,300.00 $ 49,300.00 $ 7,400.00 $ $ $ $ $ $ $ $ $ $ $ $ 41,900.00 30,000.00 45,000.00 116,900.00 9,600.00 126,500.00 13,000.00 113,500.00 15,000.00 128,500.00 17,500.00 111,000.00

Q No. 04 Crowley Inc. Income Statement For the Month of September

Sales Less Cost of Goods Sold Gross Profit Less Operative Expenses Marketing Expenses General and Administrative Expenses Total Operative Expenses Net Profit befor Tax and Interest $ $ $ $ 14,100.00 $ 22,900.00 $ $ 37,000.00 34,000.00 182,000.00 111,000.00 71,000.00

Q No. 05 The Shelikoff Company Income Statement For the Year Ended on December 31, 19-Sales Less Cost of Goods Sold Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 50% of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) Gross Profit Less Operative Expenses Marketing Expenses Administrative Expenses Total Operative Expenses Net Income Befor Incom Tax and Interest The Percentage of Income to Sales before Income Tax Formulla Net Income Befor Income Tax Sales $ $ $ 314,000.00

$ 3,800.00 $ 140,000.00 $ 143,800.00 $ 4,300.00 $ $ $ $ $ $ $ $ $ $ $ 139,500.00 67,350.00 33,675.00 240,525.00 4,600.00 245,125.00 6,200.00 238,925.00 5,900.00 244,825.00 9,270.00 $ $ $ $ 23,115.00 17,650.00 $ $ 40,765.00 37,680.00 235,555.00 78,445.00

x 100

37,680.00 x 100 314,000.00

12.00%

Q No. 06 Metaxen Corporation Cost of Goods Sold Statement For the Year Ended on December 31st,
Direct Material Opening Material Add Purchases Add Freight on Materials Purchase Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Total Prime Cost Factory Overhead Factory Overhead (Excluding Dep.) Depreciation Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ 366,000.00 $ 6,600.00 $ $ $ 88,000.00 372,600.00 460,600.00 64,000.00 $ $ $ $ $ 468,400.00 104,400.00 $ $ $ $ $ $ $ $ $ $ 396,600.00 523,600.00 920,200.00

572,800.00 1,493,000.00 29,800.00 1,522,800.00 38,800.00 1,484,000.00 44,200.00 1,528,200.00 66,000.00 1,462,200.00

Q No. 07 Brockway Corporation Cost of Goods Sold Statement For the Year Ended on ----------Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ $ $ 90,000.00 198,000.00 288,000.00 95,000.00 $ $ $ $ $ $ $ $ $ $ $ $ 193,000.00 224,000.00 167,000.00 584,000.00 70,000.00 654,000.00 80,000.00 574,000.00 110,000.00 684,000.00 95,000.00 589,000.00

Q No. 08 Reinecke, Inc. Cost of Goods Sold Statement For the Year Ended on March 31, 19B
Direct Material Total Material Consumed Direct Labour Cost Factory Overhead Applied (30% of D/L) Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) Add Under Applied Factory Overhead Cost of Goods Sold (Actual) $ $ $ $ $ $ $ $ $ $ $ $ $ $ 440,000.00 290,000.00 87,000.00 817,000.00 41,200.00 858,200.00 42,500.00 815,700.00 34,300.00 850,000.00 31,500.00 818,500.00 2,760.00 821,260.00

Reinecke, Inc. Working of Actual Factory Overhead

Factory Overhead Actual Indirect Labour Light and Power Depreciation Repairs to Machinery Miscellaneous factory Overhead Total Factory Overhead Actual $ $ $ $ $ $ 46,000.00 4,260.00 4,700.00 5,800.00 29,000.00 89,760.00

Over / Under Applied Factory Overhead

Actual Factory Overhead $ 89,760.00 Less Applied Factory 30% Direct Labour Cost $ 87,000.00 Under Applied Factory Overhead $ 2,760.00 Requirements 01 Cost of Goods Sold for the Year ended March 31, 19B $ 821,260.00 02 The Unit Cost of Goods Manufactured Per Units Cost $ 815,700.00 $ 45.32 Cost of Goods Manufactured 18000 Number of Units Manufactured 03

Over / Under Applied Factory Overhead

Actual Factory Overhead Less Applied Factory 30% Direct Labour Cost Under Applied Factory Overhead $ 89,760.00 $ 87,000.00 $ 2,760.00

Q No. 09 White Corporation Cost of Goods Sold Statement For the Year Ended on 19-Direct Material Opening Material Add Purchases Less Purchase Discount Net Purchases Add Freight In Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Total Prime Cost Factory Overhead Depreciation Indirect Labour Miscellaneous Factory Overhead Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ 364,000.00 $ 5,200.00 $ 358,800.00 $ 8,600.00 $ $ $ 34,200.00

367,400.00 401,600.00 49,300.00 $ $ $ 352,300.00 162,500.00 514,800.00

$ $ $

6,300.00 83,400.00 47,900.00 $ $ $ $ $ $ $ $ $ $

137,600.00 652,400.00 81,500.00 733,900.00 42,350.00 691,550.00 48,600.00 740,150.00 72,612.75 667,537.25

Calculation for Units Produced / Manufactured During the Year:Units Sales During the Year Add Closing finished Goods Units Total Units abailable for Sales Less Opening finished Goods Units Units Manufactured During the Year

3,880 420 4,300 300 4,000

Opening Units Units Produced During the Year Total Units abailable for Sales Sales Units Closing Units Per Unit Cost Cost of Goods Manufactured Number of Units Produced Per Unit Cost

300 4,000 4,300 3,880 420

$ 691,550.00 4000 $ 172.89

Finished Goods Closing Finished Goods Units x Per Units Cost Finished Goods Closing

$ 72,612.75

Q No. 09 White Corporation Income Statement For the Month of September

Sales Less Cost of Goods Sold Gross Profit Gross Profit Per Unit Gross Profit No. of Units Sale Gross Profit Per Unit $ 186,062.75 3880 $ 47.95 $ $ $ 853,600.00 667,537.25 186,062.75