Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Tioga Manufacturing Company.

Requirement
1. Fill in the missing words (___) and amounts(X).

Transcribed Image Text:

TIOGA MANUFACTURING COMPANY June 30, 2012 $ 22,000 Beginning Direct. Beginning direct materials inventory х Purchase of materials 54,000 $ 80,000 Ending dircct materials inventory (23,000) Direct Direct Manufacturing overhead 43,000 Total 175,000 costs Total costs Ending (29,000) TIOGA MANUFACTURING COMPANY June 30, 2012 Sales revenue Cost of goods sold: Beginning $112,000 Cost of goods Ending Cost of goods sold Gross profit 217,000 $ 283,000 схрenses: $ 94,000 Marketing expenscs Administrative expenses 159,000 2$ income %24