Question

For each of the following accounts for a manufacturing company, select yes in the appropriate column indicating that it appears on the balance sheet, the income statement, the schedule of cost of goods manufactured, and/or a detailed listing of factory overhead costs. Assume that the income statement shows the calculation of cost of goods sold and the schedule of cost of goods manufactured shows only the total amount of factory overhead. (An account can appear on more than one report. Be certain to select "No" wherever required.)

Answer 1

Account	Balance Sheet	Income Statement	Schedule of COGM	Overhead Report
Accounts receivable	Yes
Computer supplies used (office)		Yes
Beginning finished goods inventory		Yes
Beginning work in process inventory			Yes
Cash	Yes
Depreciation expense-Factory building				Yes
Depreciation expense-Office building		Yes
Direct labor			Yes
Ending work in process inventory	Yes		Yes
Ending raw materials inventory	Yes		Yes
Factory maintenance wages				Yes
Income taxes		Yes
Insurance on factory building				Yes
Property taxes on factory building				Yes
Raw materials purchases			Yes
Sales		Yes