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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
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 goods inventory, ending $17,900 General and administrative expenses 15,900 Accounts receivable 19,900 Finished goods inventory, beginning 20,900 Cost of goods manufactured 41,900 Selling expenses Cash 13,900 56,900 Land 29,900 Sales Equipment REX MANUFACTURING Income Statement For Year Ended December 31 95,800 2,900 Cost of goods sold 0
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