AC 330 Unit 1 Assignment Textbook Exercises AC 330 Unit 1 Assignment Textbook Exercises | Page 3

(b) Prepare an income statement through gross profit for June 2014
assuming net sales
E1-8B
Instructions
(A) Prepare a schedule of cost of contract services provided (similar to a
cost of goods
Manufactured schedule) for the month.
(b) For those costs not included in (a), explain how they would be
classified and reported
In the financial statements.
E1-9B
Instructions
(a) Compute cost of goods manufactured.
(b) Prepare an income statement through gross profit.
(c) Show the presentation of the ending inventories on the December
31, 2014 balance
(d) How would the income statement and balance sheet of a
merchandising company
Be different from Laurel’s financial statements?
E1-10B
Instructions