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 | $73,500 | $22,800 | (e) | ||
| Cost of goods manufactured | 374,900 | (c) | 79,800 | ||
| Cost of finished goods available for sale | (a) | $216,600 | $125,400 | ||
| Finished goods inventory, June 30 | 87,000 | 45,500 | (f) | ||
| Cost of goods sold | (b) | (d) | $115,400 |
| a. | $fill in the blank 1 |
| b. | $fill in the blank 2 |
| c. | $fill in the blank 3 |
| d. | $fill in the blank 4 |
| e. | $fill in the blank 5 |
| f. | $fill in the blank 6 |
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Authors: Frank Wood, Alan Sangster
10th Edition
0273693107, 978-0273693109
