Scope of final examination 1/2557
No.1 Chapter 19
a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used
were direct materials.
b) Prepare an income statement through gross profit.
No.2 Chapter 20
a) Calculate the predetermined overhead rate
b) Prepare the journal entries to record the purchase of raw materials, the factory labor
costs incurred, and the manufacturing overhead costs incurred during the month.
c) Prepare the journal entries to record the assignment of direct materials, direct labor,
and manufacturing overhead costs to production. In assigning manufacturing
overhead costs, use the overhead rate calculated in a). Post all costs to the job cost
sheets as necessary.
d) Total the job cost sheets for Job that was completed during the month. Prepare the
journal entry (or entries) to record the completion of Job during the month.
e) Prepare the journal entry (or entries) to record the sale of Job during the month.
Assume that the company uses a perpetual inventory system.
(Omitted explanation for the journal entries)
No.3 Chapter 17
Prepare a statement of cash flows using the direct method.