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QUESTION
Ashf LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Exercise/ Problem Account to be changed Shares Share price $ Original Amount 100000 20 Ch 2...
The first three costs are allocated proportionately on the basis of square feet occupied by the three functional areas. A review of the company's facilities revealed the following percentages would be appropriate: manufacturing, 50%; sales, 30%; and administrative, 20%. Depreciation is allocated 70, 20, and 10%, respectively.
Instructions
- Prepare a schedule of cost of goods manufactured in good form.
- Prepare an income statement in good form.
