The Hardville Corporation has the following account balances (in millions): E (Click the icon to view the account balances.) Prepare a statement of comprehensive income and a supporting schedule of...


The Hardville Corporation has the following account balances (in millions):<br>E (Click the icon to view the account balances.)<br>Prepare a statement of comprehensive income and a supporting schedule of cost of goods manufactured for the year ended December 31, 2019.<br>Indirect manufacturing costs:<br>Depreciation-plant, building, and equipment<br>97<br>Indirect manufacturing labour<br>79<br>Miscellaneous plant overhead<br>39<br>Account balances<br>Plant supervisory salaries<br>7<br>Plant utilities<br>39<br>Plant supplies used<br>11<br>272<br>For Specific Date<br>For Year 2019<br>Direct materials, January 1, 2019<br>$ 12<br>Purchases of direct materials<br>$ 338<br>Add:<br>Manufacturing costs incurred during 2019<br>Work in process, January 1, 2019<br>11<br>Direct manufacturing labour<br>102<br>Beginning work-in-process inventory, Jan 1, 2019<br>11<br>Finished goods, January 1, 2019<br>89<br>Depreciation-plant, building, and equipment<br>97<br>Deduct: Total manufacturing costs to account for<br>Plant supervisory salaries<br>7<br>Direct materials, December 31, 2019<br>22<br>Miscellaneous plant overhead<br>39<br>Cost of goods manufactured<br>Work in process, December 31, 2019<br>7<br>Revenues<br>1,030<br>Complete the statement of comprehensive income. (Enter amounts in millions as pro<br>Finished goods, December 31, 2019<br>66<br>Marketing, distribution, and customer-service costs<br>299<br>Hardville Corporation<br>Plant supplies used<br>11<br>Statement of Comprehensive Income<br>Plant utilities<br>39<br>Indirect manufacturing labour<br>79<br>

Extracted text: The Hardville Corporation has the following account balances (in millions): E (Click the icon to view the account balances.) Prepare a statement of comprehensive income and a supporting schedule of cost of goods manufactured for the year ended December 31, 2019. Indirect manufacturing costs: Depreciation-plant, building, and equipment 97 Indirect manufacturing labour 79 Miscellaneous plant overhead 39 Account balances Plant supervisory salaries 7 Plant utilities 39 Plant supplies used 11 272 For Specific Date For Year 2019 Direct materials, January 1, 2019 $ 12 Purchases of direct materials $ 338 Add: Manufacturing costs incurred during 2019 Work in process, January 1, 2019 11 Direct manufacturing labour 102 Beginning work-in-process inventory, Jan 1, 2019 11 Finished goods, January 1, 2019 89 Depreciation-plant, building, and equipment 97 Deduct: Total manufacturing costs to account for Plant supervisory salaries 7 Direct materials, December 31, 2019 22 Miscellaneous plant overhead 39 Cost of goods manufactured Work in process, December 31, 2019 7 Revenues 1,030 Complete the statement of comprehensive income. (Enter amounts in millions as pro Finished goods, December 31, 2019 66 Marketing, distribution, and customer-service costs 299 Hardville Corporation Plant supplies used 11 Statement of Comprehensive Income Plant utilities 39 Indirect manufacturing labour 79

Jun 09, 2022
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