Question
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
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 | $116,600 | $38,880 | (e) | ||
| Cost of goods manufactured | 825,900 | (c) | 180,000 | ||
| Cost of finished goods available for sale | (a) | $540,000 | $1,100,000 | ||
| Finished goods inventory, June 30 | 130,000 | 70,000 | (f) | ||
| Cost of goods sold | (b) | (d) | $945,000 |
| a. | $fill in the blank 1 |
| b. | $fill in the blank 2 |
| c. | $fill in the blank 3 |
| d. | $fill in the blank 4 |
| e. | $fill in the blank 5 |
| f. | $fill in the blank 6 |
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
