Income Statement for a Manufacturing Company Two items are omitted from each of the following...
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Accounting
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
$46,000
$16,100
(e)
Cost of goods manufactured
230,000
(c)
56,400
Cost of finished goods available for sale
(a)
$153,000
$88,600
Finished goods inventory, June 30
53,500
32,100
(f)
Cost of goods sold
(b)
(d)
$81,500
a.
$
b.
$
c.
$
d.
$
e.
$
f.
$
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