My first Magazine ACC 206 All Assignments | Page 18

Factory taxes
8,000
Factory utilities
11,000
Prepare the following:
a. A schedule of cost of goods manufactured for the year ended
December 31.
b.
An income statement for the year ended December 31.
Chapter 3 Problem 3
3. Manufacturing statements and cost behavior
Tampa Foundry began operations during the current year,
manufacturing various products for industrial use. One such product is
light-gauge aluminum, which the company sells for $36 per roll. Cost
information for the year just ended follows.
Per Unit
Variable Cost
Fixed Cost
Direct materials
$4.50