Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 24 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218.000 Gross Profit 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income

Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 24 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218.000 Gross Profit 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income

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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