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,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 46P
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  • 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,June1

$61,600

$46,200

(e)

Cost of goods manufactured

329,000

(c )

484,800

Cost of finished goods available for sales

(a)

$260,400

$540,000

Finished goods Inventory ,June30

72,800

61,600

(f)

Cost of goods sold

(b)

(d)

$513,600

 

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