Question

Assignment Direct labour Exercise 3 LANCTON TEXTILE MILLS INC. (In 000s of dollars) Work in process, April 15, 2019 Sales discounts Manufacturing overhead Other income Work in process, April 16, 2018 Other expense, interest Raw materials, April 15, 2019 Administrative expenses Finished goods, April 16, 2018 Selling expenses Sales returns and allowances Raw materials, April 16, 2018 Finished goods, April 15, 2019 Sales General expenses Indirect labour Other expense, royalty Materials purchases Income statement items are listed above in random order. All are period accounts for the year ending April 15, 2019, except where noted by date. Assuming a tax rate of 40 per cent, prepare a statement of cost of goods manufactured and an income statement for Lancton Textiles Mills Inc. for the year ending April 15, 2019.

          Assignment
Direct labour
Exercise 3
LANCTON TEXTILE MILLS INC.
(In 000s of dollars)
Work in process, April 15, 2019
Sales discounts
Manufacturing overhead
Other income
Work in process, April 16, 2018
Other expense, interest
Raw materials, April 15, 2019
Administrative expenses
Finished goods, April 16, 2018
Selling expenses
Sales returns and allowances
Raw materials, April 16, 2018
Finished goods, April 15, 2019
Sales
General expenses
Indirect labour
Other expense, royalty
Materials purchases
Income statement items are listed above in random order. All are period accounts for the year ending April 15,
2019, except where noted by date. Assuming a tax rate of 40 per cent, prepare a statement of cost of goods
manufactured and an income statement for Lancton Textiles Mills Inc. for the year ending April 15, 2019.

Assignment
Direct labour
Exercise 3
LANCTON TEXTILE MILLS INC.
(In 000s of dollars)
Work in process, April 15, 2019
Sales discounts
Manufacturing overhead
Other income
Work in process, April 16, 2018
Other expense, interest
Raw materials, April 15, 2019
Administrative expenses
Finished goods, April 16, 2018
Selling expenses
Sales returns and allowances
Raw materials, April 16, 2018
Finished goods, April 15, 2019
Sales
General expenses
Indirect labour
Other expense, royalty
Materials purchases
Income statement items are listed above in random order. All are period accounts for the year ending April 15,
2019, except where noted by date. Assuming a tax rate of 40 per cent, prepare a statement of cost of goods
manufactured and an income statement for Lancton Textiles Mills Inc. for the year ending April 15, 2019.

Added by Donna S.

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