Income Statement for a Manufacturing CompanyTwo items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.Finished goods inventory, June 1$73,500 $25,700 (e)Cost of goods manufactured330,800 (c) 90,000Cost of finished goods available for sale(a) $244,200 $141,400Finished goods inventory, June 3078,400 51,300 (f)Cost of goods sold(b) (d) $130,100 d.$fill in the blank 4e.$fill in the blank 5f.$fill in the blank 6

Opening finished goods inventory + Cost of goods manufactured = Cost of finished goods available for…

Answered: Cost of finished goods available for…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 14E: Income statement for a manufacturing company Two items are omitted from each of the following three...

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Income Statement for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.

Finished goods inventory, June 1	$73,500	$25,700	(e)
Cost of goods manufactured	330,800	(c)	90,000
Cost of finished goods available for sale	(a)	$244,200	$141,400
Finished goods inventory, June 30	78,400	51,300	(f)
Cost of goods sold	(b)	(d)	$130,100