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,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600
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,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Question
- 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,June1 |
$61,600 |
$46,200 |
(e) |
Cost of goods manufactured |
329,000 |
(c ) |
484,800 |
Cost of finished goods available for sales |
(a) |
$260,400 |
$540,000 |
Finished goods Inventory ,June30 |
72,800 |
61,600 |
(f) |
Cost of goods sold |
(b) |
(d) |
$513,600 |
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