$ 116,600 $ 38,880 Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold (e) 825,900 (a) 130,000 (b) (c) $540,000 180,000 $1,100,000 70,000 (f) (d) $ 945,000
$ 116,600 $ 38,880 Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold (e) 825,900 (a) 130,000 (b) (c) $540,000 180,000 $1,100,000 70,000 (f) (d) $ 945,000
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...
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Question
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.
![$ 116,600
$ 38,880
Finished goods inventory, June 1
Cost of goods manufactured
Cost of finished goods available for sale
Finished goods inventory, June 30
Cost of goods sold
(e)
825,900
(a)
130,000
(b)
(c)
$540,000
180,000
$1,100,000
70,000
(f)
(d)
$ 945,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F84a6ab92-24f5-48e2-a15e-559ae73909a7%2Fa92ab054-5a27-417b-8407-8d324a5173c0%2Fygvyyz6_processed.png&w=3840&q=75)
Transcribed Image Text:$ 116,600
$ 38,880
Finished goods inventory, June 1
Cost of goods manufactured
Cost of finished goods available for sale
Finished goods inventory, June 30
Cost of goods sold
(e)
825,900
(a)
130,000
(b)
(c)
$540,000
180,000
$1,100,000
70,000
(f)
(d)
$ 945,000
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