University company produces collegiate apparel. from its accounting

University Company produces collegiate apparel. 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.

For each item, indicate the schedule and/or financial statement(s) in which the item will appear.

Direct labor

Balance SheetCost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance SheetCost of Goods Manufactured ScheduleCost of Goods Manufactured Schedule and Income StatementIncome Statement

Raw materials inventory, 1/1

Income Statement and Balance SheetBalance SheetCost of Goods Manufactured ScheduleCost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured Schedule and Income StatementIncome Statement

Work in process inventory, 12/31

Cost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured ScheduleIncome StatementBalance Sheet

Finished goods inventory, 1/1

Income Statement and Balance SheetCost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured ScheduleCost of Goods Manufactured Schedule and Income StatementBalance SheetIncome Statement

Indirect labor

Cost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured ScheduleIncome Statement and Balance SheetIncome StatementBalance Sheet

Depreciation on factory machinery

Balance SheetIncome StatementCost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured Schedule

Work in process, 1/1

Income Statement and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured Schedule and Balance SheetIncome StatementCost of Goods Manufactured ScheduleBalance Sheet

Finished goods inventory, 12/31

Income StatementCost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured ScheduleBalance Sheet

Factory maintenance salaries

Cost of Goods Manufactured Schedule and Income StatementBalance SheetCost of Goods Manufactured ScheduleCost of Goods Manufactured Schedule and Balance SheetIncome StatementIncome Statement and Balance Sheet

10.

Cost of goods manufactured

Cost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured ScheduleBalance SheetIncome Statement and Balance SheetIncome Statement

11.

Depreciation on delivery equipment

Cost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured ScheduleIncome StatementBalance SheetIncome Statement and Balance SheetCost of Goods Manufactured Schedule and Income Statement

12.

Cost of goods available for sale

Income Statement and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured ScheduleIncome StatementCost of Goods Manufactured Schedule and Balance SheetBalance Sheet

13.

Direct materials used

Cost of Goods Manufactured ScheduleIncome StatementCost of Goods Manufactured Schedule and Income StatementBalance SheetCost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance Sheet

14.

Heat and electricity for factory

Balance SheetCost of Goods Manufactured ScheduleIncome StatementCost of Goods Manufactured Schedule and Balance SheetIncome Statement and Balance SheetCost of Goods Manufactured Schedule and Income Statement

15.

Repairs to roof of factory building

Cost of Goods Manufactured Schedule and Balance SheetCost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured ScheduleIncome StatementBalance SheetIncome Statement and Balance Sheet

16.

Cost of raw materials purchases

Cost of Goods Manufactured Schedule and Income StatementCost of Goods Manufactured ScheduleCost of Goods Manufactured Schedule and Balance SheetIncome StatementBalance SheetIncome Statement and Balance Sheet

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