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Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 24 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218.000 Gross Profit 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income

Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 24 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218.000 Gross Profit 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 4RE: Refer to RE22-2. Assume Heller Company had sales revenue of 510,000 in 2019 and 650,000 in 2020....
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Certain items descriptions and amounts are missing from the monthly income statement of chili Manufacturing Company.

Fill in the missing information on the income statement. Select the heading, the complete the statement.

Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218,000 Gross Profit. 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income %24
Transcribed Image Text:Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of Goods Sold: Beginning Finished Goods Inventory 112.000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold 218,000 Gross Profit. 302,000 Selling and Administrative Expenses: Selling Expenses 90,000 Administrative Expenses Total Selling and Administrative Expenses 158,000 Operating Income %24
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