Finished goods inventory, ending General and administrative expenses Accounts receivable

Finished goods inventory, beginning

Cost of goods manufactured

Selling expenses

Cash

Land

Sales

Equipment

$$18,000$

$16,000$

$20,000$

$21,000$

$42,000$

$14,000$

$57,000$

$30,000$

$96,000$

$3,000$

REX MANUFACTURING

Income Statement

For Year Ended December $31$