Ivanhoe Manufacturing Company has the following data at June 30, 2022: Raw materials inventory, June 1 $ 11,880 Work in process inventory, June 1 15,560 Finished goods inventory, June 1 37,410 369,800 498,800 26,150 Total manufacturing costs Sales Work in process inventory, June 30 Finished goods inventory, June 30 Raw materials Inventory, June 30 47,460 15,480 Prepare an income statement through gross profit for the month of June. IVANHOE MANUFACTURING COMPANY (Partial) Income Statement

Ivanhoe Manufacturing Company has the following data at June 30, 2022: Raw materials inventory, June 1 $ 11,880 Work in process inventory, June 1 15,560 Finished goods inventory, June 1 37,410 369,800 498,800 26,150 Total manufacturing costs Sales Work in process inventory, June 30 Finished goods inventory, June 30 Raw materials Inventory, June 30 47,460 15,480 Prepare an income statement through gross profit for the month of June. IVANHOE MANUFACTURING COMPANY (Partial) Income Statement

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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