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not sure if i have everything in the correct spot Prepare an income statement for Rex Manufacturing for the year ended December 31 using the
not sure if i have everything in the correct spot
Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint Not all information given is needed for the solution Finished goodo inventory, ending General and administrative expenses Accounts receivable Finished goodo inventory, beginning Cont of goods manufactured Selling expenses Cash Land Sales Equipment $ 16,100 14,100 18,100 19, 100 40,100 12,100 55,100 28,100 92,200 1,100 $ 92,200 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning $ Cost of goods manufactured Goods available for sale Less: Finished goods inventory ending Cost of goods sold Gross profit General and administrative expenses Selling expenses 10.100 40,100 59,200 16,100 43,100 Net Income Step by Step Solution
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