You are provided with the following figures for Rollins Corp. for the 2011 year. - 13925

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You are provided with the following figures for Rollins Corp. for the 2011 year.

Sales                                                700,000

Direct Labor                                      92,000

Indirect Material                                8,000

Work in Progress 1/1/11 22,000

Rent – Store                                      15,000

Electricity – Factory                        20,000

Purchases, Raw Material            158,000

Sales Salaries                                    28,000

Finished Goods 1/1/11                   35,000

Advertising                                        19,000

Electricity – Store                              7,000

Factory Security                               14,000

Depreciation – Machinery             17,000

Work in Progress 12/31/11           15,000

Rent – Factory                                  36,000

Raw Material 12/31/11                  12,000

Indirect Labor                                   21,000

Finished Goods 12/31/11               23,000

Insurance – Factory                          9,000

Raw Material 1/1/11                        8,000

Sales Commission                            34,000

Depreciation – Store Fixtures         8,000

 

Required:

1. Complete a Cost of Goods Manufactured Schedule, in proper form.

2. Complete an Income Statement, in proper form.

 

Your submission MUST be a word document. Points will be deducted for any other form of submission. Your schedule and statement must be in proper form – this means they should look like they would in an annual report – and not in a spread sheet or a work sheet. As mentioned in class live, individual overheads should be listed rather than just a total being given.

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