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For Questions 38, 39, and 40. The Trump Manufacturing Company operates on a calendar basis. The following information relates to the year 2020. Identify in

For Questions 38, 39, and 40. The Trump Manufacturing Company operates on a calendar basis. The following information relates to the year 2020. Identify in which schedule and/or financial statement (or both) the individual items would appear.

Raw materials inventory, January 1, 2020.

a.

Cost of Goods Manufacturing Schedule

b.

Income Statement for 2020 (assume the Cost of Goods Sold schedule is incorporated into the Income Statement)

c.

Balance Sheet at December 31, 2020

d.

Both a. and b.

e.

Both a. and c.

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