LESSON 20-2 Preparing End-of-Fiscal-Period Statements

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Presentation transcript:

LESSON 20-2 Preparing End-of-Fiscal-Period Statements 8/1/2019 LESSON 20-2 Preparing End-of-Fiscal-Period Statements RED

WORK SHEET page 596 LESSON 20-2

WORK SHEET page 597 LESSON 20-2

STATEMENT OF COST OF GOODS MANUFACTURED page 598 1 2 3 4 1. Enter direct materials, direct labor, and factory overhead applied. 2. Total the cost of work placed in process. 3. Add beginning work in process inventory. 4. Subtract ending work in process inventory. LESSON 20-2

INCOME STATEMENT page 599 LESSON 20-2

INCOME STATEMENT page 599 LESSON 20-2

BALANCE SHEET page 600 LESSON 20-2

BALANCE SHEET page 600 LESSON 20-2

TERM REVIEW statement of cost of goods manufactured page 601 LESSON 20-2