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  • Pioneer Parts A Manufacturer of Windows For Commercial Building

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    Amit Pandey
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    Pioneer Parts is a manufacturer of windows for commercial buildings. The document provides information on Pioneer Parts' beginning and ending inventory amounts for direct materials, work-in-process, and finished goods for last year. It also lists the company's administrative costs, direct labor costs, materials purchases, depreciation expenses, and other annual costs. The information is to be used to prepare an income statement and cost of goods sold statement for Pioneer Parts.

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    Pioneer Parts a Manufacturer of Windows for Commercial Building

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    Pioneer Parts is a manufacturer of windows for commercial buildings. The document provides information on Pioneer Parts' beginning and ending inventory amounts for direct materials, work-in-process, and finished goods for last year. It also lists the company's administrative costs, direct labor costs, materials purchases, depreciation expenses, and other annual costs. The information is to be used to prepare an income statement and cost of goods sold statement for Pioneer Parts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    24 views1 page

    Pioneer Parts A Manufacturer of Windows For Commercial Building

    Uploaded by

    Amit Pandey
    Pioneer Parts is a manufacturer of windows for commercial buildings. The document provides information on Pioneer Parts' beginning and ending inventory amounts for direct materials, work-in-process, and finished goods for last year. It also lists the company's administrative costs, direct labor costs, materials purchases, depreciation expenses, and other annual costs. The information is to be used to prepare an income statement and cost of goods sold statement for Pioneer Parts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Solved: Pioneer Parts a manufacturer of windows for

    commercial building
    Pioneer Parts a manufacturer of windows for commercial building

    Pioneer Parts, a manufacturer of windows for commercial buildings, reports the following
    account information for last year (all costs are in thousands of dollars):
    Information on January 1 (Beginning):
    Direct materials inventory . . . . . . . . . . . . . . . . . . . . . . . $ 18
    Work-in-process inventory . . . . . . . . . . . . . . . . . . . . . . 24
    Finished goods inventory . . . . . . . . . . . . . . . . . . . . . . . 328
    Information for the year:
    Administrative costs . . . . . . . . . . . . . . . . . . . . . . . . . . $ 720
    Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,120
    Direct materials purchases . . . . . . . . . . . . . . . . . . . . . 1,640
    Factory and machine depreciation . . . . . . . . . . . . . . . 2,320
    Factory supervision . . . . . . . . . . . . . . . . . . . . . . . . . . 420
    Factory utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180
    Indirect factory labor . . . . . . . . . . . . . . . . . . . . . . . . . . 560
    Indirect materials and supplies . . . . . . . . . . . . . . . . . . 140
    Marketing costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300
    Property taxes on factory . . . . . . . . . . . . . . . . . . . . . . 56
    Sales revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,080
    Information on January 31 (Ending):
    Direct materials inventory . . . . . . . . . . . . . . . . . . . . . . . $ 16
    Work-in-process inventory . . . . . . . . . . . . . . . . . . . . . . 28
    Finished goods inventory . . . . . . . . . . . . . . . . . . . . . . . 294

    Required
    Prepare an income statement with a supporting cost of goods sold statement.

    Pioneer Parts a manufacturer of windows for commercial building

    ANSWER
    https://solvedquest.com/pioneer-parts-a-manufacturer-of-windows-for-commercial-building/

    Reach out to freelance2040@yahoo.com for enquiry.


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