12. QRS Manufacturing Company has the following data for 2025 (amounts in millions): View the information. Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2025. Begin by preparing the schedule of cost of goods manufactured. Direct Materials Used: Direct Materials Used QRS Manufacturing Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2025 (in millions) Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured CIS Information Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 11 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done $ 8 9 15 14 7 10 35 41 25
12. QRS Manufacturing Company has the following data for 2025 (amounts in millions): View the information. Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2025. Begin by preparing the schedule of cost of goods manufactured. Direct Materials Used: Direct Materials Used QRS Manufacturing Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2025 (in millions) Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured CIS Information Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 11 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done $ 8 9 15 14 7 10 35 41 25
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5PA: Statement of cost of goods manufactured and income statement for a manufacturing company The...
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Question
![12. QRS Manufacturing Company has the following data for 2025 (amounts in millions):
View the information.
Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2025.
Begin by preparing the schedule of cost of goods manufactured.
Direct Materials Used:
Direct Materials Used
QRS Manufacturing Company
Schedule of Cost of Goods Manufactured
Year Ended December 31, 2025
(in millions)
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account For
Cost of Goods Manufactured
CITE
Information
Direct Materials, January 1
Direct Materials, December 31
Work-in-Process Inventory, January 1
Work-in-Process Inventory, December 31
Finished Goods Inventory, January 1
Finished Goods Inventory, December 31
Direct Materials Purchased, including Freight In
Direct Labor
Manufacturing Overhead
Print
Done
$
8
9
15
14
7
10
35
41
25
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F254ccfd8-38f8-4c8d-b69c-1f4a5fc24a21%2F46695f8d-7ab8-4b45-9b3e-f10d9715b41e%2F2axchwp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12. QRS Manufacturing Company has the following data for 2025 (amounts in millions):
View the information.
Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2025.
Begin by preparing the schedule of cost of goods manufactured.
Direct Materials Used:
Direct Materials Used
QRS Manufacturing Company
Schedule of Cost of Goods Manufactured
Year Ended December 31, 2025
(in millions)
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account For
Cost of Goods Manufactured
CITE
Information
Direct Materials, January 1
Direct Materials, December 31
Work-in-Process Inventory, January 1
Work-in-Process Inventory, December 31
Finished Goods Inventory, January 1
Finished Goods Inventory, December 31
Direct Materials Purchased, including Freight In
Direct Labor
Manufacturing Overhead
Print
Done
$
8
9
15
14
7
10
35
41
25
X
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