ncome 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 $72,900 $25,500 (e) Cost of goods manufactured 379,100 (c) 89,300 Cost of finished goods available for sale (a) $242,300 $140,300 Finished goods inventory, June 30 87,700 50,900 (f) Cost of goods sold (b) (d) $129,100 a. $____ b. $____ c. $____ d. $____ e. $____ f. $____
ncome 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 $72,900 $25,500 (e) Cost of goods manufactured 379,100 (c) 89,300 Cost of finished goods available for sale (a) $242,300 $140,300 Finished goods inventory, June 30 87,700 50,900 (f) Cost of goods sold (b) (d) $129,100 a. $____ b. $____ c. $____ d. $____ e. $____ f. $____
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 | $72,900 | $25,500 | (e) | ||
| Cost of goods manufactured | 379,100 | (c) | 89,300 | ||
| Cost of finished goods available for sale | (a) | $242,300 | $140,300 | ||
| Finished goods inventory, June 30 | 87,700 | 50,900 | (f) | ||
| Cost of goods sold | (b) | (d) | $129,100 |
a. $____
b. $____
c. $____
d. $____
e. $____
f. $____
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