Santana Rey, owner of business solutions, decides to diversify her business by also manufacturing computer workstation furniture.
Please help with all 2
Require:
1. prepare a schedule of cost of goods manufactured for business solutions for the month ended January 31, 2016 assume the following manufacturing costs:
beginning work in process: none (December 31, 2015)
ending work in process: $540 (January 31,2016)
beginning finished goods inventory: none (December 31, 2015)
ending fishing goods inventory: $350 (January 31, 2016)
2. prepare the cost of goods sold section of partial income statement for business solutions for the month ended January 31, 2016.