The document provides financial statements for XYZ Company for the year ended December 31, 1991. It includes a cost of goods manufactured statement showing costs of $440,000 to produce goods, a income statement showing net profit of $36,400, and a balance sheet with total assets of $301,050 and stockholder equity of $279,050.
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
Financial statement of Manufacturing Company
1. Direct Material
Begnning inventory 35,000.00$
Add: Purchases 93,900.00$
Freight in 1,100.00$
total Purchases 95,000.00$
Total Raw Material Avaiable for Production 130,000.00$
Less: Raw Material (Ending ) (40,000.00)$
Direct Material Used 90,000.00$
Add: Direct labour 250,000.00$
Add : Manufacturing ovehead
Indirect labor 39,250.00$
Manufacturing Rent 17,500.00$
Manufacturing Utilites 28,000.00$
Manufacturing Insurance 10,250.00$
Depreciation (Manufacturing equipment) 5,000.00$
Total Manufacturing overhead 100,000.00$
Total Manufacturing Cost For the Period 440,000.00$
Add: Work in Process (Beginning) 19,400.00$
Total Work in Process Inventory 459,400.00$
Less: Work in Process (Ending ) 21,600.00$
Cost of Good Manufactured 437,800.00$
XYZ Company
Cost of Goods Manufactured Statement
Year Ended December 31, 1991
2.
3. Sales 629,500.00$
Less: Cost of Good Sold
Finished Good Inventory (Begning) 95,000.00$
Add: Cost of Goods Manufactured 437,800.00$
Merchandise available for sale 532,800.00$
Less: Finished Good Inventory (Ending) 98,000.00$
Cost of Good Sold 434,800.00$
Gross Profit 194,700.00$
Less: Operating Expense
Selling Expenses
Sales Salaries 57,500.00$
Advertising Expenses 10,500.00$
Total Selling Expenses 68,000.00$
Administrative Expenses
Administrative Salaries 70,000.00$
Other Administrative Expenses 20,300.00$
Total Administrative Expenses 90,300.00$
Total Operating Expenses 158,300.00$
Net Profit for the Period 36,400.00$
XYZ Company
Income Statement
Year Ended December 31, 1991
4.
5. Current Assets
Cash 20,200.00$
Account Receivable 71,250.00$
Inventries
Finished Good 98,000.00$
Work in Process 21,600.00$
Raw Materail 40,000.00$ 159,600.00$
Total Current Assets 251,050.00$
Fixed Assets
Manufacturing Equipment 62,500.00$
Less Accumulated Depreciation 12,500.00$
Net Asset value 50,000.00$
Total Fixed Asset 50,000.00$
Total Assets 301,050.00$
Share Holder Equity & Liabilities
Current Liabilites
Accounts payable 22,000.00$
Total Liabilities 22,000.00$
Share holder Equity
Common Stock 25,000.00$
Retained Earning 217,650.00$
Less: Net Loss 36,400.00$
Net Retained Earning 254,050.00$ 254,050.00$
Total stock Holder Equity 279,050.00$
Total Stock holder Equity & Liabilities 301,050.00$
XYZ Company
Year Ended December 31, 1991
Balance Sheet