The following information is supplied for A and B Manufacturing Co. and JC Yoshino Co. (a merchandising company).

	A and B Manufacturing	JC Yoshino
Merchandise inventory, January 1		$15,750
Finished goods inventory, January 1	$15,750
Merchandise purchases		11,000
Cost of goods manufactured	11,000
Merchandise inventory, December 31		13,000
Finished goods inventory, December 31	13,000

Required:

Prepare the cost of goods sold sections for the income statements of both companies for the year ended 20--.

Prepare the cost of goods sold section for the income statement of A and B Manufacturing Co. for the year ended 20--.

Income Statement instructions

A and B Manufacturing Co.

Income Statement

For the Year Ended 20--

1	Cost of goods sold:
2
3
4
5
6

Prepare the cost of goods sold section for the income statement of JC Yoshino Co. for the year ended 20--.

Income Statement instructions

JC Yoshino Co.

Income Statement

For the Year Ended 20--

1	Cost of goods sold:
2
3
4
5
6