Outstanding Gold Nest Company Income Statement Month End Balance Sheet Reconciliation

All of the information entries and T-accounts you have prepared Gold Nest Company Income Statement For the Year Ended 0 Selling and administrative expenses. Gold Nest Company of Guan dong China is a family-owned enterprise that makes birdcages for the South China market. Gold Nest Company of Guandong China is a family-ownedenterprise that makes birdcages for the South China market. For the Year Ended December 31 20xx. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. The birdcages are often elaborately constructed from exotic woods and contain porcelain. Gold Nest Company Income Statement For the Year Ended Sales 1250000 Cost of goods sold 693000 Gross margin 557000 Selling and administrative expenses. At the beginning of the year it was estimated that the total direct labor cost for the yearwould be Rmb200000 and the total manufacturing overhead cost would be Rmb330000. There is no credit. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales.

Assignment 3 Problem 1 Gold Nest Company uses job order costing system in which overhead is applied to jobs on th Estimated total direct labor cost for the year would be 200000 and total manufacturing overhead cost would be 330000 Inventory balance at the beginning of the year were Raw materials at 25000 work in process at 10000 finished goods at 40000 During the year. At the beginning of the year it was estimated that the total direct labor cost for the yearwould be Rmb200000 and the total manufacturing overhead cost would be Rmb330000. Sales commissions 63000 and administrative salaries 90000. All of the companys transactions with customers employees and suppliers are conducted in cash. Sales Less cost of goods sold. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. Gold Nest Company uses joborder costing system in which overhead is applied to jobs on the basis of direct labor cost. Close the balance to cost of goods sold andprepare statement of cost of goods manufactured and income statement for the year. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. Materials charged directly to jobs 220000 the remaining materials were indirect.

For the Year Ended December 31 20xx. Prepare an income statement for the year. Gold Nest Company of Guandong China is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. Gold Nest Company of Guandong China is a family-owned enterprise that makes birdcages for the South China market. Gold Nest Company of Guan dong China is a family-owned enterprise that makes birdcages for the South China market. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Re Prepare an income statement for the year. Enter debits before credits. Rent for the year was Rmb18000 Rmb13000 of this amount related to factory operations and the remainder related to selling and administrative activities. Assignment 3 Problem 1 Gold Nest Company uses job order costing system in which overhead is applied to jobs on th Estimated total direct labor cost for the year would be 200000 and total manufacturing overhead cost would be 330000 Inventory balance at the beginning of the year were Raw materials at 25000 work in process at 10000 finished goods at 40000 During the year.

Less selling and administrative expenses. The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. All of the companys transactions with customers employees and suppliers are conducted in cash. Assignment 3 Problem 1 Gold Nest Company uses job order costing system in which overhead is applied to jobs on th Estimated total direct labor cost for the year would be 200000 and total manufacturing overhead cost would be 330000 Inventory balance at the beginning of the year were Raw materials at 25000 work in process at 10000 finished goods at 40000 During the year. The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. Gold Nest Company of Guandong China is a family-owned enterprise that makes birdcages for the South China market. The birdcages are often elaborately constructed from exotic woods and contain porcelain. Materials charged directly to jobs 220000 the remaining materials were indirect. A popular pastime among older Chinese men is to take their pet birds on daily excursions to teahouses and public parks. Gold Nest Company of Guandong China is a family-owned enterprise that makes birdcages for the South China market.

The birdcages are often elaborately constructed from exotic woods and contain porcelain. Gold Nest Company uses joborder costing system in which overhead is applied to jobs on the basis of direct labor cost. Thecompany sells its birdcages through an extensive network of streetvendors who receive commissions on their sales. Raw materials requisitioned for use in production 280000. Gold Nest Company of Guandong China is a family-owned enterprise that makes birdcages for the South China market. Sales commissions 63000 and administrative salaries 90000. Gold Nest Company. 0 0 Req 3B. Me for nest is to connect everything you like raw materials or every dollar of it indicates a question different industries presents you will depend on a. The birdcages are often elaborately constructed from exotic woods and contain porcelain.