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In June 2017, the Johnson Company has Cost of Goods Manufactured of $296,000; beginning Finished Goods Inventory of $29,730; and ending Finished Goods Inventory of
In June 2017, the Johnson Company has Cost of Goods Manufactured of $296,000; beginning Finished Goods Inventory of $29,730; and ending Finished Goods Inventory of $19,990. Prepare an income statement in good form (i.e. use proper titles and dates). (Ignore taxes.) The following additional information is available: Selling Expenses Administrative Expenses Sales 40, 500 19,700 475,600
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