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 $55,600 $17,200 (e) Cost of goods manufactured 266,900 (c) 60,200 Cost of finished goods available for sale (a) $163,400 $94,600 Finished goods inventory, June 30 62,600 34,300 (f) Cost of goods sold (b) (d) $87,000 a. $fill in the blank 1 b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. $fill in the blank 5 f. $
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 $55,600 $17,200 (e) Cost of goods manufactured 266,900 (c) 60,200 Cost of finished goods available for sale (a) $163,400 $94,600 Finished goods inventory, June 30 62,600 34,300 (f) Cost of goods sold (b) (d) $87,000 a. $fill in the blank 1 b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. $fill in the blank 5 f. $
Chapter1: Financial Statements And Business Decisions
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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 | $55,600 | $17,200 | (e) | ||
Cost of goods manufactured | 266,900 | (c) | 60,200 | ||
Cost of finished goods available for sale | (a) | $163,400 | $94,600 | ||
Finished goods inventory, June 30 | 62,600 | 34,300 | (f) | ||
Cost of goods sold | (b) | (d) | $87,000 |
a. | $fill in the blank 1 |
b. | $fill in the blank 2 |
c. | $fill in the blank 3 |
d. | $fill in the blank 4 |
e. | $fill in the blank 5 |
f. | $ |
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