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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

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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 manufacturing company income statement. Determine the amounts of the missing items, Identifying them by letter Finished goods inventory, June 1 $116,600 $38,880 (e) Cost of goods manufactured 825,900 (c) 180,000 Cost of finished goods available for sale (a) $540,000 $1,100,000 Finished goods inventory, June 30 130,000 70,000 (0) Cost of goods sold (6) (d) $945,000 a. CA $ d. Food MW a-f. Add the cost of goods manufactured to the beginning Tinished goods. From (a), subtract the ending finished goods. Use these similar relationships to find the missing amounts for items (c) through (1)

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