Chapter 18, Problem 18.14EX

To determine

Income statement for a manufacturing company:

The income statement of merchandising business and manufacturing business differs mostly due to the reporting of the cost of merchandise available for sale and sold during the period.

Cost of goods sold:

Cost of goods sold is the accumulate total of all direct cost incurred in manufacturing the goods or the products which has been sold during a period. Cost of goods sold involves direct material, direct labor, and manufacturing overheads.

The amount of missing items in the income statement for a manufacturing company.