1. Four questions use the following data. What is the dollar amount of Cost of Goods Available for Sale for the year ended December 31, 2020?

2.What is the dollar amount of Cost of Goods Sold for the year ended December 31, 2020?

3.What is the dollar amount of Gross Profit for the year ended December 31, 2020?

4. What is the dollar amount of Income before Income Taxes for the year ended December 31, 2020?

Mark's Mini Manufacturing
Information for FYE 12/31/2020
Cost of Goods Manufactured	$600,000
Finished Goods Information:
Beginning Inventory	0
Ending Inventory	6,000
Other information including period costs:
Net Sales Revenues	804,000
Selling and Administrative Expenses	60,000
Income Tax Expense	40,000

NEXT QUESTION

1. You have 4 questions that use the data below. Why not look at the example of the Schedule of Cost of Goods Manufactured in your text? What is the dollar amount of Direct Materials Used for the year ended December 31, 2020?

2. What is the dollar amount of Total Manufacturing Costs for the year ended December 31, 2020?

3. What is the dollar amount of Total Cost of Work In Process for the year ended December 31, 2020?

4. What is the dollar amount of Cost of Goods Manufactured for the year ended December 31, 2020?

Raw Material Information:
Beginning Inventory		$0
Ending Inventory		2,000
Purchases during the year		60,000
Work in Process Information:
Beginning Inventory		0
Ending Inventory		4,000
Direct Labor during the year		80,000
Manufacturing Overhead during the year		500,000