8. Income Statement for a Manufacturing Company Two items are omitted from each of the...
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Accounting
8. 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
$66,000
$20,500
(e)
Cost of goods manufactured
303,600
(c)
71,800
Cost of finished goods available for sale
(a)
$194,800
$112,800
Finished goods inventory, June 30
71,700
40,900
(f)
Cost of goods sold
(b)
(d)
$103,800
a.
$
b.
$
c.
$
d.
$
e.
$
f.
$
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