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EX 1-14 Income statement for a manufacturing company Two items are omitted from each of the following three lists of cost of goods from a
EX 1-14 Income statement for a manufacturing company Two items are omitted from each of the following three lists of cost of goods from a manufacturing company income statement. Detern turing company income statement. Determine the amounts of the missing items, identifying them by letter. OBJ. 3 ing three lists of cost of goods sold data $ 46,200 (e) Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold $ 61,600 329,000 (c) 484,800 $540,000 $260,400 61,600 (0) 72,800 (b) (d) $513,600 EX 1-15 Statement of cost of goods manufactured for a manufacturing company OB. 3 Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows: ets, Inventories Materials Work in process Finished goods March 1 $315,000 214,200 163,800 March 31 $277,200 239,400 189,000 Direct labor $567,000 Materials purchased during May 604,800 Factory overhead incurred during May: Indirect labor 60,480 Machinery depreciation 36,000 Heat, light, and power 12,600 Supplies 10,080 Property taxes 8,820 Miscellaneous costs 16,380 Prepare a cost of goods manufactured statement for March 2016. b. Determine the cost of goods sold for March 2016. EX 1-16 Cost of goods sold, profit margin, and net income for a manufacturing 08.3 company The following information is available for Crouching Alligator Manufacturing Company for the month ending October 31, 2016: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, July 1 Finished goods inventory, July 31 $450,000 144,500 75,900 911,250 101,250 93,800 For the month ended October 31, 2016, determine Crouching Alligator's (a) cost of goods sold, (b) gross profit, and (c) net income
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