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QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable $ 17,400 15,400 19,400 Finished goods inventory, beginning 20,400 Cost of goods manufactured 41,400 Selling expenses 13,400 Cash Land Sales 56,400 29,400 94,800 Equipment 2,400 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0

QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable $ 17,400 15,400 19,400 Finished goods inventory, beginning 20,400 Cost of goods manufactured 41,400 Selling expenses 13,400 Cash Land Sales 56,400 29,400 94,800 Equipment 2,400 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0

FINANCIAL ACCOUNTING
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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QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable $ 17,400 15,400 19,400 Finished goods inventory, beginning 20,400 Cost of goods manufactured 41,400 Selling expenses 13,400 Cash Land Sales 56,400 29,400 94,800 Equipment 2,400 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0
Transcribed Image Text:QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable $ 17,400 15,400 19,400 Finished goods inventory, beginning 20,400 Cost of goods manufactured 41,400 Selling expenses 13,400 Cash Land Sales 56,400 29,400 94,800 Equipment 2,400 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0
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