Solved: Consider plant utilities for the piedmont corporation, Accounting Basics

Consider plant utilities for the piedmont corporation

Problem:

1. Consider the following account balances (in thousands) for the Piedmont Corporation:

1733_Piedmont corporation account balance.jpg

Required

1. Prepare a schedule for the cost of goods manufactured for 2011.
2. Revenues for 2011 were $600 million. Prepare the income statement for2011.

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Accounting Basics: Consider plant utilities for the piedmont corporation

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Accounting Basics: Consider plant utilities for the piedmont corporation

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