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Consider plant insurance for the canseco company


Question:

1. Cost of goods manufactured. Consider the following account balances (in thousands) for the Canseco Company:

1216_Canseco company.jpg

If you want to use Excel to solve this problem, go to the Excel lab at www.prenhall.com/harngren/cost13e and download the template for Exhibit 2-8.

1. Prepare a schedule for the cost of goods manufactured for 2009.
2. Revenues for 2009 were $300 million. Prepare the income statement for2009.

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Accounting Basics: Consider plant insurance for the canseco company
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