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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 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold a. b. C. d. e. f. $ $116,600 825,900 (a) 130,000 (b) $38,880 (c) $540,000 70,000 (d) (e) 180,000 $1,100,000 (f) $945,000
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