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    $136,000        $45,300        (e) Cost of goods manufactured    963,000        (c)        209,900 Cost of finished goods available for sale    (a)        $629,600        $1,282,600 Finished goods inventory, June 30    151,600        81,600        (f) Cost of goods sold    (b)        (d)        $1,101,9

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
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Problem 14E: Income statement for a manufacturing company Two items are omitted from each of the following three...
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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    $136,000        $45,300        (e)
Cost of goods manufactured    963,000        (c)        209,900
Cost of finished goods available for sale    (a)        $629,600        $1,282,600
Finished goods inventory, June 30    151,600        81,600        (f)
Cost of goods sold    (b)        (d)        $1,101,900
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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