Chambers Manufacturing Company produces blankets. From its accounting records, it prepares the following schedule and financial statements on a yearly basis.
(a) Cost of goods manufactured schedule.
(b) Income statement.
(c) Balance sheet.
The following items are found in its ledger and accompanying data.
| 1. Direct labor | 9. Factory maintenance salaries |
| 2. Raw materials inventory, 1/1 | 10. Cost of goods manufactured |
| 3. Work in process inventory, 12/31 | 11. Depreciation on delivery equipment |
| 4. Finished goods inventory, 1/1 | 12. Cost of goods available for sale |
| 5. Indirect labor | 13. Direct materials used |
| 6. Depreciation on factory machinery | 14. Heat and electricity for factory |
| 7. Work in process, 1/1 | 15. Repairs to roof of factory building |
| 8. Finished goods inventory, 12/31 | 16. Cost of raw materials purchases |
Instructions
List the items (1)–(16). For each item, indicate by using the appropriate letter or letters, the schedule and/or financial statement(s) in which the item will appear.
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