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Manufacturing and Income Statements for Plaza Company

I need help with Exercise 18-5 (Management concepts) and questions 1 and 2 of Problem 18-8A (Manufacturing and income statements; inventory analysis.)

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Assignment: Identifying Management Concepts and Preparing Manufacturing and Income
Statements

PLAZA COMPANY
Manufacturing Statement
For Year Ended December 31, 2005

Direct materials
Raw materials, December 31, 2004 168,850
Raw materials purchases 927,000
Raw materials available for use 1,095,850
Less: Raw materials, December 31, 2005 184,000
Direct materials used . . . . . . . . . . . . . . . . . . . . . . . . 911,850
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...

Solution Summary

This solution is comprised of a detailed explanation to answer management concepts and prepare manufacturing statement and income statement for Plaza Company.

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