Question
Budgeted Income Statement For the Quarter Ended March 31 Sales $ 760,000 ? Cost of Goods Sold: Beginning Inventory -
Budgeted Income Statement For the Quarter Ended March 31 | |||
Sales |
|
| $ 760,000 ? |
Cost of Goods Sold: |
|
|
|
Beginning Inventory - Finished Goods |
| 0? |
|
Material: |
|
|
|
Beginning Inventory - Material | 0? |
|
|
Material Purchases | 516,000? |
|
|
Material Available | 516,000 v |
|
|
Ending Inventory - Material | 56,100 v |
|
|
Direct Material | 459,900 v |
|
|
Direct Labor | 157,500 v |
|
|
Manufacturing Overhead | 98,550 ? |
|
|
Total Manufacturing Cost |
| 715,950 ? |
|
Cost of Goods Available for Sale |
| 715,950? |
|
Ending Inventory - Finished Goods |
| 0 x |
|
Cost of Goods Sold |
|
| 0 x |
Gross Profit| |
|
| 0 x |
Operating Expenses: |
|
|
|
Selling Expenses |
| 76,500? |
|
Administrative Expenses |
| 10,530? |
|
Total Operating Expenses |
|
| 87,030? |
Income before Income Taxes |
|
| 0 x |
Income Tax Expense |
|
| 0 x |
Net Income |
|
| $ |
What's the ending inventory of finished goods
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