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Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a
Income Statement for a Manufacturing Company
Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.
Finished goods inventory, June 1 | $51,800 | $15,000 | (e) | ||
Cost of goods manufactured | 248,600 | (c) | 52,500 | ||
Cost of finished goods available for sale | (a) | $142,500 | $82,500 | ||
Finished goods inventory, June 30 | 58,300 | 29,900 | (f) | ||
Cost of goods sold | (b) | (d) | $75,900 |
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