ACC 206 Week 3 P16 25A

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ACC 206 Week 3 P16-25A

P16-25A Preparing cost of goods manufactured schedule and income statement for a manufacturing company [3045 min]

Charlie's Pets succeeded so well that Charlie decided to manufacture his own brand of chewing boneFido Treats. At the end of December 2012, his accounting records showed the following:


  1. Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2012.

  2. Prepare an income statement for Fido Treats for the year ended December 31, 2012.

  3. How does the format of the income statement for Fido Treats differ from the income statement of a merchandiser?

  4. Fido Treats manufactured 18,075 units of its product in 2012. Compute the company's unit product cost for the year.

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