The following data from the just completed year are taken from the accounting records of Kenton Company: Sales 825,000 Direct labor cost 165,000 Raw material purchases 179,000 Selling expense 48,750 Administrative expenses 46,250 Manufacturing overhead applied to work in process 180,000 Inventories: Beginning Ending Raw materials 18,000 15,000 Work in process 20,000 15,000 Finished goods 9,000 11,000 Required :Prepare Statement of Cost of Goods Manufactured and Income Statement & fill up following Blanks Raw Material Used Prime Cost Conversion Cost Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold Net Profit

The following data from the just completed year are taken from the accounting records of Kenton Company: Sales 825,000 Direct labor cost 165,000 Raw material purchases 179,000 Selling expense 48,750...

The following data from the just completed year are taken from the accounting records of Kenton Company:

Sales	825,000
Direct labor cost	165,000
Raw material purchases	179,000
Selling expense	48,750
Administrative expenses	46,250
Manufacturing overhead applied to work in process	180,000
*Inventories:*	Beginning	Ending
Raw materials	18,000	15,000
Work in process	20,000	15,000
Finished goods	9,000	11,000

Required

:

Prepare Statement of Cost of Goods Manufactured and Income Statement & fill up following Blanks

Jun 02, 2022