Question
8. Income Statement for a Manufacturing Company Two items are omitted from each of the following...
8. Income Statement for a Manufacturing Company
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 | $66,000 | $20,500 | (e) | ||
| Cost of goods manufactured | 303,600 | (c) | 71,800 | ||
| Cost of finished goods available for sale | (a) | $194,800 | $112,800 | ||
| Finished goods inventory, June 30 | 71,700 | 40,900 | (f) | ||
| Cost of goods sold | (b) | (d) | $103,800 |
| a. | $ |
| b. | $ |
| c. | $ |
| d. | $ |
| e. | $ |
| f. | $ |
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