The last 4 images are the information for completing the following exercise.
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Tinto Manufacturing Company. a (Click the icon to view the schedule of cost of goods manufactured.) a (Click the icon to view the income statement.) Fill in the blanks with the missing words, and replace the Xs with the correct amounts. First we will ll in the missing information on the schedule of cost of goods manufactured. Select the heading, then complete the schedule. Bemnnmg IIIIIIIIIIIIIIIIIIIIIIII $ 25000 [med llllIlIllIlIllIlIllIlIll: Beginning Direct Materials :| Purchases of Direct Materials 59.000 E::::::::::::::::::::::::::::::::::::] 30000 (23,000) Ending Direct Materials Fill in the blanks with the missing words, and replace the Xs with the correct amounts. 80,000 Ending Direct Materials (23,000) Direct Direct UH Manufacturing Overhead 50,000 Total Total Costs Ending 186,000 H (27,000) U Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Ending Now we will ll in the missing information on the income statement. Select the heading, then complete the statement. Net Sales Revenue :| Cost of Goods Sold: Beginning $ 116.000 lI lI Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Cost of Goods Sold: Beginning Cost of Goods Ending Cost of Goods Sold Gross Prot : Expenses: Selling Expenses Administrative Expenses Total Expenses $ 116,000 MUM 91,000 U 230,000 210,000 158,000 Ending E Cost of Goods Sold 230'000 Gross Prot 210,000 Expenses: Selling Expenses 91,000 Administrative Expenses |;| Total Expenses 158'000 Income ; Beginning ___________________________ $ 25.000 Direct Beginning Direct Materials 5 x Purchases of Direct Materials 59300 80,000 Ending Direct Materials (23300) Direct $ X Direct X Manufacturing Overhead 50.000 Total Costs 186,000 80,000 Ending Direct Materials (23,000) Direct $ X Direct X Manufacturing Overhead 50,000 Total Costs 186,000 Total Costs X Ending (27,000) $ XNet Sales Revenue $ X Cost of Goods Sold: Beginning s 116,000 X Cost of Goods X Ending x Cost of Goods Sold 230.000 Gross Prot 210.000 Expenses: Selling Expenses 91.000 Beginning 716,000 X Cost of Goods X Ending X Cost of Goods Sold 230,000 Gross Profit 210,000 Expenses: Selling Expenses 91,000 Administrative Expenses X Total 158,000 Income $ X