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Attached is the complete Info Preparing financial statements for a manufacturer [25?35 min] Certain item descriptions and amounts are missing from the monthly schedule of
Attached is the complete Info Preparing financial statements for a manufacturer [25?35 min] Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Tioga Manufacturing Company.
P16-26A 6 Preparing financial statements for a manufacturer [25-35 min] Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Tioga Manufacturing Company. TIOGA MANUFACTURING COMPANY __________________________________________ ________ June 30, 2012 Beginning ______________ $ 22,000 Direct __________: Beginning direct materials inventory $X Purchase of materials 54,000 ______ $ 80,000 Ending direct materials inventory (23,000 ) Direct ___________ $X Direct ___________ X Manufacturing overhead 43,00 0 Total ______ costs ________ 175,000 Total ______ costs ________ $X Ending __________ (29,000) ________ $X TIOGA MANUFACTURING COMPANY __________________________________________ ________ June 30, 2012 Sales revenue $X Cost of goods sold: Beginning __________ $ 112,000 ______ X Cost of goods ________ $X Ending __________ X Cost of goods sold 217,000 Gross profit $ 283,000 ________ expenses: Marketing expenses $ 94,000 Administrative expenses X ______ income 159,000 $X Requirement 1. Fill in the missing words (___) and amounts (X)Step by Step Solution
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