Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Charlie Manufacturing Company. (Click the
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Charlie Manufacturing Company. (Click the icon to view the schedule of cost of goods manufactured.) (Click the icon to view the income statement.) Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Beginning Direct Charlie Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended June 30, 2018 Beginning Direct Materials Purchases of Direct Materials Ending Direct Materials Direct Direct Manufacturing Overhead Total Total Ending 59,000 80,000 (29,000) 43,000 Costs Costs $ 22,000 168,000 (23,000) Charlie Manufacturing Company June 30, 2018 $ 22,000 Beginning Direct Beginning Direct Materials $ X Purchases of Direct Materials 59,000 80,000 Ending Direct Materials Direct Direct (29,000) $ X Manufacturing Overhead Total Costs Total Costs Ending_ 43,000 168,000 (23,000) $X Net Sales Revenue Cost of Goods Sold: Beginning Charlie Manufacturing Company Cost of Goods Ending Cost of Goods Sold Gross Profit Expenses: Selling Expenses Administrative Expenses Total Income June 30, 2018 $ 119,000 95,000 $X 223,000 227,000 163,000 $ X
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started