(Answered) Question 1 are companies required to report a manufacturing

Accounting

Question: 1. Are companies required to report a manufacturing statement?

2. Prepare the 2011 manufacturing statement for Carmichael Company using the following information.

Direct materials . . . . . . . . . . . . . . . . . . . . . $192,500

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . 65,150

Factory overhead costs . . . . . . . . . . . . . . . 26,000

Goods in process, Dec. 31, 2010 . . . . . . . . 159,600

Goods in process, Dec. 31, 2011 . . . . . . . . 144,750

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