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 $60,000 $19,800 (e) Cost of goods manufactured 270,000 (c) 69,300 Cost of finished goods available for sale (a) $188,100 $108,900 Finished goods inventory, June 30 64,000 39,500 (f) Cost of goods sold (b) (d) $100,200

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 $60,000 $19,800 (e) Cost of goods manufactured 270,000 (c) 69,300 Cost of finished goods available for sale (a) $188,100 $108,900 Finished goods inventory, June 30 64,000 39,500 (f) Cost of goods sold (b) (d) $100,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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